Effective gross rent (EGR)
The net rent generated, after adapting for tenant enhancements and other capital rates, lease proxies and other sales price levels
Cross-collateralization
An organization of mortgages or pieces of property that performs to jointly safegaurd one debt commitment
As-is condition
The approval by the leaseholder of the current shape of the grounds at the time a lease is completed, encompassing any physical imperfections
Equity
The residual value of a property beyond mortgage or debt
Derivative securities
Securities that are constructed artificially, i.e., derived from additional financial devices. In the condition of CMBS, the most normal derivative safety is the interest-only strip