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Real Estate Glossary
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VA loan
A mortgage loan that is guaranteed by the Department of Veterans Affairs (VA). In the event of a default on such a loan, the terms guarantee repayment to the lender.
vested
When an individual has a right to use a portion of a fund, such as an individual's retirement fund.
Veterans' Administration (VA)
A department of the federal government that guarantees loans made to veterans.


   

 

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