Dictionary

Masonry

Definition:    the stone, brick or concrete used to build things Pronunciation:   \ˈmā-sən-rē\ Used in a Sentence:    The house had a masonry foundation for added stability.

Market Value

Definition:   the most probable price a property should bring in a competitive and open market under all conditions requisite to a fair sale Pronunciation:   \ˈmär-kət\\ˈval-(ˌ)yü\ Used in a Sentence:   The...

Market Allocation

Definition:   an agreement between brokers to divide up competitive market areas among themselves and not complete in each other’s areas Pronunciation:   \ˈmär-kət\\ˌa-lə-ˈkā-shən\ Used in a Sentence:   The various brokers decided...

Marketable Title

Definition:   good or clear title that is reasonably free from risk of litigation over possible defects; also referred to as merchantable title Pronunciation:   \ˈmär-kə-tə-bəl\ \ˈtī-təl\ Used in a Sentence:    A...

Marital Assets

Definition:   real and personal property that is acquired during a marriage Pronunciation:    \ˈmer-ə-təl, ˈma-rə-\ \ˈa-ˌset also -sət\ Used in a Sentence:    The house and all the furnishings were considered marital...

Margin

Definition:   the fixed component that is added to the index to calculate the interest rate in an adjustable rate mortgage. Pronunciation:   \ˈmär-jən\ Used in a Sentence:   Generally, the margin stays...