Dictionary

Estate In Severalty

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 is considered an...

Estate In Reversion

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 property returned to...

Estate For Years

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...

Estate By The Entireties

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:   Once John and Mary...

Estate

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.

Escrow Disbursement Order (edo)

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 issue an escrow disbursement order to...