A seller deeds a property to a buyer, who, in return, leases the property back to the seller.
A written agreement between the seller and buyer whereby the seller agrees to the terms of the sale, giving transfer of ownership to the buyer.
The retrieving of damaged items from the customer for which Matco Moving Solutions paid full value in the settlement.
Satisfaction of Mortgage
The complete fulfillment of a mortgage.
A voucher providing the weigh scale reading for tare weight and/or gross weight of a van./p>
A special metal closure inserted on the doors of a steamship container or a truck that must be broken to be opened, and is used to determine if any tampering with the contents may have occurred.
An additional loan, usually with a shorter term and higher interest rate, that is inferior to and is imposed upon the first mortgage.
An old term for a shipment consisting of furniture, fixtures, equipment and the property of stores, offices, museums, institutions, hospitals and other establishments.
Self-Haul (SLF or SH)
The booking agent's right to perform all services using its own personnel and equipment.
The price a buyer actually pays for a property.
A freight-carrying, powerless truck trailer with one or more axles and constructed so that the front end rests upon a truck tractor.
Property owned individually that is not considered community property or is jointly owned.
The restricted zoning area of a property between the curb and an imaginary line running parallel to the curb where no structure may be built.
The temporary holding of a shipment at a point between origin and destination.
A real estate closing cost that includes payment of all monies and the preparation of the deed.
A piece of furniture or property is put together to its complete state.
Shared Appreciation Mortgage
A mortgage where the lender shares in the appreciation of a property when sold. It is a fixed-rate, fixed-term, lower-than-conventional mortgage.
A court-induced deed given with the sale of property to satisfy a judgment.
Property made available by a customer for transportation by Matco Moving Solutions.
The person paying for the move, the employee moving for a national account, or the person being moved by the military or government.
Shipper Load & Count
The customer counts, pads, loads and unloads.
Instructions given to Matco Moving Solutions for transportation of a shipment.
Contract with a customer for a limited period of time. Certain pricing restrictions and service parameters apply when this contract method is utilized.
A service provided when a shipment cannot be serviced, picked up or delivered by a road van, and a smaller unit must be employed for movement to or from the road van. The fee is chargeable to the customer. Also called Auxiliary Service.
A type of contract giving an all-inclusive rate for basic tariff charges for a shipment.
Land that, with the addition of utilities or other services, is suitable for building purposes.
A land's location.
A small, thin paper pad used to protect a shipment for transportation.
One individual has ownership of a property.
Source of Down Payment Statement
A written report identifying the funding sources utilized for the down payment. These sources may be a savings account, prior home sale, etc.
Documents issued by the military that declare an individual is authorized to move.
Special Products (SP or SA)
Commodities like electronic microscopes, radio and radar equipment, biomedical products, computers, exhibits, general commodities and new products that have an unusual nature or value requiring specialized handling or equipment.
Special Purpose Property
A property that is declared for a certain use, making it inconvenient for other purposes.
Special Warranty Deed
A deed limiting the seller's liability against title defects during his or her time of ownership and not any defects before that time.
Specific Commodity Rate
Custom-made economy rates based on criteria of quantity, frequency of shipping or physical nature of a particular item or goods.
A court of equity decision requiring the defendant to uphold the terms of an agreement or contract.
The portion of a person's salary that goes toward expenses like food, savings, investments and life insurance. The costs of housing and transportation are excluded from spendable income.
Spendable Income for Housing
See Home Location Housing Cost.
A shipment loaded on a commercial truckload trailer.
Agreed period of time stating the earliest and latest delivery dates the shipment will arrive at destination. Also called Delivery Spread.
Square Foot Method
Method for calculating the reproduction cost of a building in which the cost per square foot of a recently built comparable structure is multiplied by the number of square feet in the subject property.
Moving a shipment up or down a flight of stairs. The charge for this carry is listed as the Elevator, Stair Carry and Long Carry Charge.
A piece of power equipment used in the moving of items up or down stairs.
Statement of Customer Responsibilities/Inventory of Items of High Value
A form used to assist the customer in determining total value of a shipment and to aid Matco Moving Solutions in determining what items need special handling and protection.
Statute of Limitation
A law limiting the time in which claims or suits may be instituted.
A metal container either owned outright by a steamship line or leased from another source used for containerization or unitized handling of cargo with steamship lines.
A compensation for expenses an employee incurs while traveling if the route is extremely long.
Safekeeping of goods in a warehouse.
The plan as to how cargo has been placed or positioned within a container, vessel, truck, etc.
Straight Bill of Lading/Straight Consignment
A bill of lading that is non-negotiable, identifying only the individual who is to receive the goods and the terms of the contract.
A logistics control strap, used to secure tiers, that locks into tracking on the sides of a van operator's trailer.
Structural Engineer's Report
A report reflecting an engineer's inspection, stating the soundness of a structure.
Subject to Mortgage
A buyer takes over the title to a property and at the same time assumes the mortgage. Without a release of liability, the original maker of the mortgage remains responsible for the loan, but the buyer loses equity in a foreclosure.
A lease given by a lessee.
The substitution of the government or a national account's insurance carrier, which has paid a claim, for the owner of the household goods.
The use of a different mode of transportation to fulfill a bill of lading obligation.
Summary of Dispute Settlement Program
An arbitration program that can be used by the individual customer in settling disputes on loss and damage claims.
An invoice containing charges not billed on the original transportation invoice.
Supplemental Foreign Service Premium
See Hardship Premium.
Publications containing additions or revisions to the original tariff or other publications.
A charge above the usual or customary freight charges.
An additional extra tax.
Survey of a Shipment
A physical surveying of goods to be shipped to determine the estimated weight of the shipment.
Punitive action taken by military installations against a carrier/forwarder for tender of service violations.
A person hired by the van operator to assist in the loading and unloading of goods.