Dictionary

State Intangible Tax On Mortgages

Definition:   tax required prior to a mortgage being recorded, based on the face value of the mortgage Pronunciation: Used in a Sentence:   The state requires the payment of an intangible...

State Documentary Tax Stamp On Notes

Definition:   tax required on all promissory notes, based on face value of note Pronunciation: Used in a Sentence:   We had to pay the state documentary tax stamp on notes on...

State Documentary Tax Stamp On Deeds

Definition:  tax required on all deeds or other documents used as conveyances, charge is based on total purchase price Pronunciation: Used in a Sentence:   The state documentary tax stamp on...

State-certified Appraiser

Definition:   a person verified by the DBPR as qualified to issue state-certified real property appraisals Pronunciation: Used in a Sentence:   Many lenders require an appraisal from a state-certified appraiser before...

Specific Performance

Definition:   a remedy for an injured party obtained through a court of equity, which compels a party to carry out the terms of a contract Pronunciation:   \spi-ˈsi-fik\ \pə(r)-ˈfȯr-mən(t)s\ Used in a Sentence: ...

Specific Lien

Definition:   a lien or charge against a specified parcel of property, such as a mortgage, an attachment , or a mechanic’s lien Pronunciation:   \spi-ˈsi-fik\\ˈlēn\ Used in a Sentence:    When...