Dictionary

Takeout Commitment

Definition:   a written commitment from a financial institution certifying that permanent financing will be provided when the project is completed Pronunciation: Used in a Sentence:    With a written takeout...

Suspension

Definition:   to cause or cease operating for a period of time; the temporary withholding of a person’s license rendering it ineffective; a period of enforced inactivity Pronunciation:   \sə-ˈspen(t)-shən\ Used in...

Supply

Definition:  the quantity of goods or services offered for sale to consumers Pronunciation:  \sə-ˈplī\ Used in a Sentence:    The supply of moderately priced houses is low creating a seller’s...

Superior Lien

Definition:  a lien that takes priority over all other liens Pronunciation:   \su̇-ˈpir-ē-ər\ \ˈlēn\ Used in a Sentence:    Real estate property tax liens are a type of superior lien.

Summary Suspension

Definition:   emergency or immediate action taken by the Secretary of the DBPR against a license to protect the public Pronunciation:   \ˈsə-mə-rē\ \sə-ˈspen(t)-shən\ Used in a Sentence:   When it was discovered a...

Suit

Definition:   an act of suing; an action in a court of law for the recovery of a right or claim Pronunciation:   \ˈsüt\ Used in a Sentence:   The seller filed a...