Outrageously Funny Word Dictionary :: Requirements

👉 A necessity or prerequisite; something required or obligatory. Its adpositions are generally of in relation to who or what has given it, on in relation to whom or what it is given to, and for in relation to what is required.

Alright class, settle down, let’s take a look! Today we're tackling the word "requirements," and it’s a really important one. The dictionary gives us a good start – it says “a necessity or prerequisite,” meaning something you need to do or have in order to move forward. Think of it like needing ingredients before you bake a cake! Let’s break that down a little bit, and I'll use a rhyme to help it stick: “Requirements are rules, you see, A need for things, for you and me! They tell us what must be done, Before the project can run!” Now, the dictionary also throws in some fancy words about "adpositions," which basically means where or how something is related. It’s saying that requirements are linked to: Who gave it: “The teacher requires you to read.” (Related to the teacher) What it's given to: “The computer requires an operating system." (Related to the computer) What’s required: "The recipe requires flour and eggs!" (Related to what needs to be there). Essentially, requirements tell us what’s needed from a specific person or thing. Think of it like building with LEGOs - you need certain bricks (requirements) to build the castle! Do you have any questions about “requirements”? Don't hesitate to raise your hand – let's make sure everyone understands this key concept.

👉 "Requirements" refers to specific standards or conditions imposed on a person or organization. In the Bible, this phrase describes the requirements for obtaining a permit to build a dam in Israel: "And they shall bring them into the land of Canaan, and shall settle there upon their own inheritance; and shall be ye strangers in that land." The passage implies that these requirements are necessary for building the dam, establishing an agricultural community on the land.

Requirements

👉 The requirements for Fannie Mae (FHA) mortgages can be summarized as follows:

1. Down payment: A minimum of 3% is required from the borrower. 2. Credit score: At least 680 on a composite scorecard must be maintained or the loan will be denied. 3. Income: The monthly income of the borrower must meet specific guidelines, such as being within 75% of median household income in the state where they live. 4. Loan-to-value ratio (LTV): It's not uncommon for lenders to require a LTV higher than 80% due to their risk assessment. Here’s an example sentence using Fannie Mae requirements: "I can afford this $200,000 house with no down payment or credit score issue." This statement is unsettling because it implies that the borrower does not have the financial resources necessary for such a large purchase.