primary residence

Definition

The house that the borrower lives in most of the time, as opposed to a secondary or vacation home, or certain investment properties that are rented out to others.

Use primary residence in a sentence

The bank will be foreclosing on their primary residence unless they pay the bank what is due within 30 days.

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The primary residence of the individual was stated on his tax returns however he owned seven other homes as well.

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In order to apply for a job, you need to bring in a piece of mail indicating the address of your primary residence as proof of residency.

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