Dictionary

Definition:   an agreement in which only one party promises to perform without receiving a reciprocal promise to perform from the other party Pronunciation:   \ˌyü-ni-ˈla-tə-rəl\ \ˈkän-ˌtrakt\ Used...

Definition:  the set of standards that must be followed when performing appraisal services Pronunciation: Used in a Sentence:

Definition:   a contract that was valid when made but either cannot be proved or will not be upheld by a court Pronunciation:   \ˌən– in-ˈfȯr-sə-bəl\ \ˈkän-ˌtrakt\ Used in a Sentence:   Because th...

Definition:   an interest in the entire property, rather than ownership of a particular part of the property Pronunciation: Used in a Sentence:   Mark and Craig have an undivided interest in the la...

Definition:  the analysis of the extent of risk assumed by a lender in connection with a proposed mortgage loan Pronunciation:   \ˈən-də(r)-ˌrī-tiŋ\ Used in a Sentence:   We had to wait for approva...

Definition:   cash, checks, money orders, and items that can be converted into cash that a person (broker) holds in trust for another person Pronunciation: Used in a Sentence:  When we made our dep...

Definition:   a person or party, either appointed or required by law to administer or manage another’s property Pronunciation:   \ˌtrəs-ˈtē\ Used in a Sentence:    He was named as trustee to the ch...

Definition:   a right of property, either real or personal, held by one party for the benefit on another Pronunciation:    \ˈtrəst\ Used in a Sentence:    The property will be held in trust until h...

Definition:   A body of federal law that ensures that borrowers and customers of consumer credit are given meaningful information with respect to the cost of credit. Pronunciation: Used in a Senten...