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Term of the Day
affordability
afford
project portfolio management (PPM)
Definition
When a
house's
price
is within the
financial
means of a
consumer
. Affordability is generally represented by the absolute highest
price
the consumer can
pay
for a
house
, while being authorized for the
mortgage
necessary to pay that price.
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Popular 'Lending & Credit' Terms
equity
triple net lease
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Related Terms
project portfolio management (PPM)
Mentioned in these terms
affordability analysis
affordability index
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