Latin English Online Dictionary INDEX: List of Terms: Terms beginning with A, Page 1
Negotiated Indirect Cost Rate (or Recovery) Agreement/ NICRA â agreement negotiated between an entity and their cognizant federal agency regarding the âfair shareâ of indirect costs that can be charged to federally funded projects.
It's common for sellers to offer a 3% concession in a buyers' market. This means the seller is willing to contribute 3% of the purchase price toward the buyer's closing costs. This may or may not cover your total costs, but it can certainly be a helpful contribution. So before you ask a seller to pay your closing costs, you need to consider the type of market you are in. If you're using a real estate agent, you will want to run all of this by them as well. Your agent's input can be especially helpful in this area.