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Mortgage Terms: Generic Prices Definition

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Mortgage Terms: Generic Prices Definition

Generic prices

Definition

Prices that assume a more or less standardized set of transaction characteristics that generally command the lowest prices.

Generic prices are distinguished from transaction specific prices, which pertain to the characteristics of a specific transaction

Related Terms

Other terms related to 'Generic prices' starting with the letter 'G'

Graduation period, Graduation rate, Graduated payment mortgage GPM, Guaranteed Mortgage Price Agreement, Good faith estimate

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