OCCUPANCY COST Definition

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OCCUPANCY COST is any cost or charge incurred by a tenant pursuant to its lease, such as rent, operating expense increases, parking charges, moving expenses, remodeling costs, etc.

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LIQUID ASSET is cash and any asset that can quickly be converted into cash (e.g., cash, checks and easily-convertible securities).

WHOLE LOAN is a mortgage pass-through or CMO backed by non-agency, single-family home mortgages.

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