A "sharp" clause in a mortgage or other security (or the whole instrument described as "sharp") is one which empowers the creditor to take prompt and summary action upon default in payment or breach of other conditions. … [Read more...] about SHARP
SHARE AND SHARE ALIKE
Division into equal portions distributed to all involved parties. … [Read more...] about SHARE AND SHARE ALIKE
SHARED CUSTODY
See joint custody where the custody of a child is shared between both parents. See also legal custody and physical custody. … [Read more...] about SHARED CUSTODY
SHAM
Phony, a ruse, a fraud, not what is displayed. … [Read more...] about SHAM
SHARED EQUITY MORTGAGE
A type of home loan where the lender receives a share of the equity in the home in return for provide the funds or a portion of the down payment. When the home is subsequently sold, the lender is entitled to a part of the proceeds. … [Read more...] about SHARED EQUITY MORTGAGE