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| Subpoena duces tecum
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Legal order for a person to present at a deposition or trial documents in his possession, such as related to a real estate transaction. |
| Subrent
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Process by which a lessee rents his apartment to another. Sublease. |
| Subrogate
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The substitution of one person for another with the substituted person acquiring all rights. |
| Subrogation rights
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Rights allowing an insurer to act against a negligent third party (including its insurance company) to receive reimbursement for payments made to an insured. |
| Subsequent
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Something which occurs at a later date. It follows a prior occurrence. |
| Subsequent rate adjustments
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The period for rate adjustment on an adjustable rate loan (ARM), after the initial adjustment period. It could differ, in time, from the original duration period. |
| Subsequent rate cap
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Specific limit for the maximum amount the interest rate may increase at each regularly scheduled rate adjustment date, which could differ from the original rate cap. |
| Subsidiary
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(1) Being in a secondary or subordinate relationship. (2) Of lesser importance. |
| Subsidized housing
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Housing whose rental payments are reduced because of aid granted by the government, private enterprises or individuals. |
| Subsidy
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A grant of money made by the government to private enterprise or another government. |
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