Liquid Asset A cash asset or an asset that is easily converted into cash

Loan A sum of borrowed money (principal) that is generally repaid with interest

Legal Report

Maturity The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable

MSL Mean Sea Level

Promissory note A written promise to repay a specified amount over a specified period of time

Purchase agreement A written contract signed by the buyer and seller stating the terms and conditions under which a property will be sold.

Project Report

Project Loan

Secured loan A loan that is backed by collateral

Survey A drawing or map showing the precise legal boundaries of a property, the location of improvements, easements, rights of way, encroachments, and other physical features