Dictionary

Immune

Definition:  real property that is owned by a unit of government and is not subject to taxation. Pronunciation:   \i-ˈmyün\ Used in a Sentence:  The county courthouse is immune from taxes....

Interest

Definition: The price paid for the use of borrowed money; estate. Pronunciation:  \ˈin-t(ə-)rəst\ Used in a Sentence:   We were able to get a low interest rate for our mortgage.

Involuntary Lien

Definition:   A lien imposed against real property without the consent of the owner (e.g. property taxes, special assessments). Pronunciation:   \(ˌ)in-ˈvä-lən-ˌter-ē, -ˌte-rē\\ˈlēn, ˈlē-ən\ Used in a Sentence:   The property taxes on...

Involuntary Inactive

Definition:  The status of a license that results when the license is not renewed at the end of the license period. Pronunciation:   \(ˌ)in-ˈvä-lən-ˌter-ē, -ˌte-rē\\(ˌ)i-ˈnak-tiv\ Used in a Sentence:  The sales...

Investment Value

Definition:  The worth of a property to a particular investor based on the investor’s desired rate of return, risk tolerance, etc. Pronunciation: \in-ˈves(t)-mənt\   \ˈval-(ˌ)yü\ Used in a Sentence:    The...

Investment

Definition:   The outlay of money usually for income or profit: the sum invested or the property purchased. Pronunciation:    \in-ˈves(t)-mənt\ Used in a Sentence:   He made a large investment in the...