Glossary

Glossary of Real Estate and Financial Terms in Honduras

Explore the key concepts you need to understand the process of acquiring, marketing, and financing real estate. This glossary is designed to provide clear and precise definitions that help you navigate the country’s real estate and financial markets with confidence and ease.

Whether you are a buyer, seller, or investor, here you will find explanations that will support your decision-making and help you take better advantage of opportunities within the sector.


A

Acre

Amortization

Balloon Amortization

Annexation

Lease

Appraisal


B

Bank

Central Bank of Honduras (BCH)

Second-tier Bank

BANHPROVI

Real Property


C

Rural Funds

Cadastral Code

Collateral

Comparable

Sale and Purchase

Concessions

Condominium

Cooperatives

Quadruplex

Partial Release Clause

Mortgage Loan

Bridge Loan


D

Patent Defect

Depreciation

Usufruct Right

Developer

Full Ownership

Duplex

Physical Deterioration


E

Foreclosure

Seizure

Public Deed

Ex-Dividend

Expropriation


F

Real Estate Trust

Registered Property

Financing

Equity Participation Financing

Financial Institutions

Housing Fund

FOSOVI


G

Encumbrance

Mortgage Guarantee

Gentrification

H

Habitable

Mortgage

Wraparound Mortgage

Second Mortgage


I

IFIs

Property Tax

Compensation

Inflation

Property Institute (IP)

Compound Interest

Late-payment Interest

Public Interest

Simple Interest

Variable Interest


J

Joint Venture

Condominium Board

Board of Directors

Constitutional Protection Lawsuit

Mortgage Lawsuit

Lease Lawsuit

Jurisdiction

Fair Value / Just Compensation


K

Kaizen (Continuous Improvement)

KPI (Key Performance Indicators)

KYC (Know Your Customer)


L

Mortgage Release

Promissory Note

Clear Title

Subdivision

Urbanized Lot


M

Joint Ownership

Block (Real Estate Unit)

Microfinance Institutions

Mitigation

MSMEs

Shared Wall


N

Public Notary


O

Obsolescence

Ordinance


P

Neighborhood Association

Building Permit

Balloon Interest Loan

Purchase Agreement


Q

Bankruptcy

Debt Reduction

Quota


R

Recession

Refinancing

Property Registry

Judicial Auction

Yield / Return


S


SAR

Subdivision

Total Area

Negative Easement


T

Monetary Policy Rate (MPR)

Property Title

Transfer of Ownership


U

Usufructs

Public Utility


V

Cadastral Value

Vara

Variation

Direct Sale


X

X-Efficiency


Z

Zoning

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