Dictionary

Definition:  Title to property is held by one person.  Also called sole ownership. Pronunciation:  \i-ˈstāt\\ˈsev-rəl-tē, ˈse-və-\ Used in a Sentence:   Because there is only one owner the property...

Definition:  An estate that reverts back to the original grantor. Pronunciation:  \i-ˈstāt\ \ri-ˈvər-zhən, -shən\ Used in a Sentence:  An estate in reversion was created when Mary died and the prop...

Definition:  A tenancy that is measured from a starting date to a termination date (this could be just a few days or for longer than any natural life) Pronunciation:  \i-ˈstāt\ Used in a Sentence: ...

Definition:   A tenancy created by a husband and wife jointly owning real property with an automatic and complete right of survivorship. Pronunciation:  \i-ˈstāt\ \in-ˈtī-rə-tēz\ Used in a Sentence...

Definition:   The degree, quality, nature, and extent of one’s interest in land or other property. Pronunciation: \i-ˈstāt\ Used in a Sentence:   He inherited the estate from his parents.

Definition:  A course of action for determining the disposition of a contested deposit. Pronunciation: \ˈes-ˌkrō, es-ˈ\ \ˈdis-ˈbərs-mənt\ Used in a Sentence:  The broker requested the Commission is...

Definition:   An account for the deposit of earnest money a disinterested third party (ex. a broker) holds in trust for others; trust funds. Pronunciation: \ˈes-ˌkrō, es-ˈ\ \ə-ˈkau̇nt\ Used in a Se...

Definition:   An impound account required by most lenders that require borrowers to pay in advance montly installments for property taxes and hazard insurance. Pronunciation: \ˈes-ˌkrō, es-ˈ\ Used ...

Definition:  The reversion of property to the state when the owner dies without leaving a will or having any known heirs. Pronunciation:   \is-ˈchēt, ish-ˈchēt\ Used in a Sentence:   The government...