Dictionary

Definition:   A lender; a person or business entity to whom a debt is owed. Pronunciation:   \ˈkre-di-tər, -ˌtȯr\ Used in a Sentence:   She owed thousands of dollars to the creditor.

Definition: To make an entry on the right or credit side of an account; or, a payment of value received. Pronunciation:   \ˈkre-dit\ Used in a Sentence:    The purchase price of the property was en...

Definition:   A warranty, guarantee, or promise formally given in a legal document. Pronunciation:   \ˈkəv-nənt, ˈkə-və-\ Used in a Sentence:   A covenant of seisin was in the deed showing the gran...

Definition:  A rejection of the original offer by proposing a new offer, thereby terminating the original offer. Pronunciation:   \ˈkau̇n-tər-ˌȯ-fər, -ˌä-fər\ Used in a Sentence:   The seller reje...

Definition:   Professionals who analyze existing or possible real estate problems and recommend a course of action. Pronunciation: \ˈkau̇n(t)-s(ə-)lər\ Used in a Sentence:   The seller hired a coun...

Definition:  A system for estimating the market value of property based on the cost to buy the site and to construct a new building on the site, less depreciation. Pronunciation:   \ˈkȯst\ \di- pr...

Definition: The amount to produce or acquire something. Pronunciation: Used in a Sentence:  The cost to rebuild the structure was too high to consider.

Definition:  An artificial or made up person formed by an ecclesiastical body. Pronunciation: \ˌkȯr-pə-ˈrā-shən\ \ˈsōl\ Used in a Sentence:   A corporation sole cannot be registered as a real esta...

Definition: An artificial or made-up person formed to conduct specified types of business activities. Pronunciation: \ˌkȯr-pə-ˈrā-shən\ Used in a Sentence:   The group decided to form a corporatio...