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Glossary
The following are defintions for financial terms used throughout our investor relations section.
First Mortgage Loans
A real estate loan that gives the lender a primary lien against a specified property. A primary lien has precedence over all other mortgages in case of default.
Fiscal Year
A 12-month period designated as a year by a particular company, used for financial reporting and tax purposes. The majority of companies follow a calendar year for their fiscal year.
