Dictionary

Definition:  an agency of the Department of Agriculture that offers assistance to rural residents and communties Pronunciation: Used in a Sentence:   We were able to get help buying the farm from the Rural Housing Services Administration.

Definition:   the chance of loosing all or part of an investment; the uncertanty of financial loss Pronunciation: Used in a Sentence:   Some degree of risk is always accociated with an investment.

Definition:   those rights and obligations that are incidental to ownership of land adjacent to or abutting on watercourses such as streams and rivers; includes bathing, boating and dockage in accordance with state and federal statutes Pronunciation:  \rə-ˈper-ē-ən\ Used in a Sentence:    Because our property was located on the banks of the river, we had riparian rights to the use of the waterway.

Definition:   a leasehold interest in a time-share unit based on the limited time specified in the agreement; the legal right to use or occupy a property Pronunciation: Used in a Sentence:   Our time-share agreement  gave us the right-to-use the unit for two weeks each year.

Definition:   a legal concept whereby the surviving owners of a joint interest in real property are entitled to the interest formerly owned by one or more deceased owners without the need for probabe proceedings Pronunciation:       \ˈsu̇r-ˈvī-vər-ˌship\ Used in a Sentence:    A joint tenancy is characterized by the right of survivorship.

Definition:   to cancel, rescind, annul, or make void: the permanent cancellation of a person’s license Pronunciation:   \ˌre-və-ˈkā-shən\ Used in a Sentence:    The most severe type of administrative penalty the FREC is authorized to impose is revocation of a license.

Definition:  the returning of property to a former owner or to a person who received the right to it when the former owner died Pronunciation:   \ri-ˈvər-zhən\ Used in a Sentence:   John had an estate in reversion as the property would return to him upon the death of his father.

Definition:   a form of mortgage that enables elderly homeowners to borrow against the equity in their homes so they can receive monthly payments to help meet living expenses Pronunciation: \ri-ˈvərs\   \ˈmȯr-gij\ Used in a Sentence:   My grandparents took out a reverse mortgage on their home so they could have extra money each month.

Definition:   conditions placed by developers that affect how the land can be used in an entire subdivision Pronunciation:  \ri-ˈstrik-tiv\  \ˈkəv-nənt\ Used in a Sentence:   The restrictive covenants in the development specified the size of the houses that could be built.