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Stack #179839

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Question
Answer
Earnest Money   Down payment made by a purchser of real estate as evidence of good faith.  
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Easement   A right that may be exercised by teh public or individuals on, over or through the land of others.  
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Economic Life   The period over which a property wil yield the investor a return on an investment.  
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Economic Obsolescence   Lessened desirability or useful life arising from economic forces, such as changes in optimum land use, legislative enactments which restrict or impair property rights, and changes in supply-demand ratios.  
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Ejectment   A form of action to regain possesion of real property, with damages for unlawful retention; used when there is no relationship of landlord and tenant.  
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Eminent Domain   A right of the government to acquire property for necessary public use by condemnatio; the owner must be fairly compensated.  
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Encroachment   A building, part of a building, or obstruction which intrudes upon or invades a highway or sidewalk or trespasses upon the property of another.  
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  Any right to or interest in the land interfering with its use or transfer, or subjecting it to an obligation. (Also Incumbrance)  
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  An act of signing one's name on the back of a check or note, with or without further qualifications.  
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Equity    
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  Junior loan based on a percentage of the equity.  
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