alternative documentation
Typically lenders will require full income documentation, such as a complete tax return. As an option, a lender may allow for bank statements and other alternative documents.
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The following dictionary definition list is provided for clarification only. Note that many definitions are not directly applicable to mortgages, loans or other financial terminology in this glossary. Used with permission: WordNet 2.1 Copyright 2005 by Princeton University. All rights reserved.
alternative
Noun: option, alternative, choice (one of a number of things from which only one can be chosen) "what option did I have?"; "there no other alternative"; "my only choice is to refuse"
Adjective: alternate, alternative (allowing a choice) "an alternative plan"
Adjective: alternative, mutually exclusive (necessitating a choice between mutually exclusive possibilities) "`either' and `or' in `either this or that'"
Adjective: alternative (pertaining to unconventional choices) "an alternative life style"
documentation
Noun: documentation, certification, corroboration (confirmation that some fact or statement is true)
Noun: software documentation, documentation (program listings or technical manuals describing the operation and use of programs)
Noun: documentation, support (documentary validation) "his documentation of the results was excellent"; "the strongest support for this view is the work of Jones"
- alternative documentation -
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