Dictionary

Definition: A policy that allows businesses to operate with very little interference from the government. Pronunciation: \ˌle-ˌsā-ˈfer, ˌlā-, -ˌzā-\ Us...

Definition:   Payment of money from someone other than the buyer or seller associated with real estate business. Pronunciation:   \ˈkik-ˌbak\ Used in a Sentence:    Sharing a portion of the commiss...

Definition:   A long thin lot similar to the shaft of a key that is often bounded by as many as five or six lots.  Also refers to a lot that has added value because of its strategic location. Pronu...

Definition:  The fair market value of something. Pronunciation:   \ˈjəst, ˈjüst\ \ˈval-(ˌ)yü\ Used in a Sentence:   The seller wanted to get just value for his property.

Definition:   A mortgage, such as a second mortgage, that is subordinate in right or lien priority to an existing mortgage on the same real property. Pronunciation:   \ˈjün-yər\ \ˈmȯr-gij\ Used in...

Definition:   Priority based on the date of recording in the public records. Pronunciation:   \ˈjün-yər\\ˈlēn, ˈlē-ən\ Used in a Sentence:   The IRS lean was considered a junior lean against the pr...

Definition:   The power of a court to reexamine statutes or administrative acts and to determine their validity; an appeal to a higher court. Pronunciation:   \jü-ˈdi-shəl\\ri-ˈvyü\ Used in a Sente...

Definition:   The formal decision of a court that not only declares that one party owes another party a debt but also determines the debt amount. Pronunciation:  \ˈjəj-mənt\ Used in a Sentence:   A...

Definition:    The joining of two or more people in a specific business enterprise, such as the development of a shopping center or condominium project. Pronunciation:  \ˈjȯint\ \ˈven(t)-shər\ Use...