Dictionary

Definition:  A right acquired by an adverse user to use the land of another, created through a court of law after long and uninterrupted use. Pronunciation: \ˈēz-mənt\ \pri-ˈskrip-shən\ Used in a S...

Definition:  A process by which the record of a criminal conviction is destroyed or sealed after expiration of time. Pronunciation:  \ik-ˈspənj-mənt\ Used in a Sentence:    The man asked for an exp...

Definition:   An agreement where all terms and conditions have been spelled out and a meeting of the minds is reached in words of agreement and mutual understanding.  May be written, oral or a comb...

Definition:   Property that has been declared to be excluded from taxation or claim by others. Pronunciation:  \ig-ˈzem(p)t\ Used in a Sentence:   The church is exempt from having to pay taxes on i...

Definition:  A contract in which one or both parties have not yet performed some condition. Pronunciation: \ig-ˈze-k(y)ə-ˌtȯr-ē\ \ˈkän-ˌtrakt\ Used in a Sentence:   It was considered an executory ...

Definition:   A contract that has been performed fully. Pronunciation:   \ˈek-si-ˌkyüt-ed\ \ˈkän-ˌtrakt\ Used in a Sentence:   Once everyone had signed the document it became an executed contract.  

Definition:  A written agreement given to one real estate broker as the sole agent for the sale of an owner’s property, with the commission going to that broker regardless of who actually sells the...

Definition:   A written listing agreement giving a sole agent the right to sell a property for a specified time. Pronunciation:   \iks-ˈklü-siv, -ziv\ \ˈā-jən(t)-sē\ Used in a Sentence:   The selle...

Definition:  The right of an owner to keep others from tresspassing by entering or using the property without permission. Pronunciation: \iks-ˈklü-zhən\ Used in a Sentence:   The right of excusion ...