What Is a Duration Mismatch

question 98

Essay

What is a duration mismatch?

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Definitions:

Ownership

The legal right or title to possess, use, and dispose of property or an asset.

Fixtures

Items that were originally personal property but have been attached to real property in a manner that they are considered legally part of the real property.

Real Property

Land and any structures attached to it, such as buildings or houses, including the rights associated with ownership of the land.

Appurtenance

A legal term referring to an accessory or adjunct that is attached to and passes with the principal property.