Dictionary

Erosion

Definition:  The gradual wearing away of land due to water or other natural causes. Pronunciation:    \i-ˈrō-zhən\ Used in a Sentence:   Landscapers planted grass to stop the erosion of the...

Equity Of Redemption

Definition:  The right of a mortgagor, before a foreclosure sale, to reclaim the property by paying the full debt plus interest and costs. Pronunciation:  \ˈe-kwə-tē\\ri-ˈdem(p)-shən\ Used in a Sentence:   We were...

Equity

Definition:  The interest or value remaining in property, after payment of all liens or other charges on the property. Pronunciation: \ˈe-kwə-tē\ Used in a Sentence:   Because of making a large down...

Equitable Title

Definition:    The beneficial interest in real estate that implies an individual will receive legal title at a future date. Pronunciation:  \ˈe-kwə-tə-bəl\ Used in a Sentence:

Environmental Impact Statement (eis)

Definition:   A document that details the effect proposed development will have on the surroundings. Pronunciation:   \in- vī-rə(n)-ˈmen-təl\ \im-ˈpakt\ \ˈstāt-mənt\ Used in a Sentence:   The environmental impact statement showed that there would be...

Entitlement

Definition:  In a VA-guaranteed loan the maximum amount the government guarantees the lender will be paid in the event the borrower defaults. Pronunciation:  \en-ˈtī-təl-mənt\ Used in a Sentence:  The certificate of...