Definition: One who is authorized to perform specific acts for another under a power of attorney. Pronunciation: \ə-ˈtər-nē Used in a Sentence: The buyer had an attorney-at-fact sign her loan papers when she was unable..
Category : A
Definition: A financing method in which points are paid by the seller or developer that lowers (buys down) the effective interest rate paid by the buyer/borrower, therefore reducing the amount of the monthly payment for a set period of time Pronunciation: Used in a Sentence: In order to have lower payments, the buyer decided to ..