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.
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.
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 i...
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 Sentenc...
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...
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 t...
Definition: Dying without a will or having left a will that is defective in form.
Pronunciation: \in-ˈtes-ˌtāt, -tət\
Used in a Sentence: Because the elderly gentleman died intestate his prop...
Definition: A system of time-share ownership in which the owner acquires title to specific property for a certain week (or weeks) of each year.
Pronunciation: \ˈin-tər-vəl\ \ˈō-nər-ˌship\
Used ...
Definition: A legal proceeding whereby an uninterested third party deposits with the court the disputed escrow funds so that the court can determine who is the rightful claimant.
Pronunciation: ...
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