Dictionary

Creditor

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.

Credit

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...

Covenant

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 grantor...

Counteroffer

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 rejected the initial offer...

Counselor

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 counselor to help with the...

Cost-depreciation Approach

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: ...