Modification

Any change to the terms of a mortgage loan, including changes to the interest rate, loan balance, or loan term.

A change in the terms of the mortgage note, such as a reduction in the interest rate or a change in maturity date.

When a lender agrees to modify the terms of a mortgage without refinancing the loan.

Any work to an existing improvement or landscape improvement other than (a) ordinary maintenance or repair; or (b) any Addition.

Enzymatic attachment of one or more chemical groups to a macromolecule, affecting its biological activity or properties. See: methylation, glycosylation, phosphorylation.