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Glossary E
Stack #179839
| Question | Answer |
|---|---|
| Earnest Money | Down payment made by a purchser of real estate as evidence of good faith. |
| Easement | A right that may be exercised by teh public or individuals on, over or through the land of others. |
| Economic Life | The period over which a property wil yield the investor a return on an investment. |
| 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. |
| 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. |
| Eminent Domain | A right of the government to acquire property for necessary public use by condemnatio; the owner must be fairly compensated. |
| 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. |
| Any right to or interest in the land interfering with its use or transfer, or subjecting it to an obligation. (Also Incumbrance) | |
| An act of signing one's name on the back of a check or note, with or without further qualifications. | |
| Equity | |
| Junior loan based on a percentage of the equity. |
Created by:
jayjuss
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