Dictionary

Attachment

Definition: A seizure by legal process to prevent removal of property that is expected to be used to satisfy a judgement. Pronunciation: \ə-ˈtach-mənt Used in a Sentence:   An attachment was issued to...

At Arms Length

Definition: Handling negotiations on one’s own behalf without being subject to the other party’s control or influence. Pronunciation: Used in a Sentence:  Due to the mistrust on the part of the...

Assumption

Definition: The taking over of another’s debts. Pronunciation: \ə-ˈsəm(p)-shən Used in a Sentence:   With the assumption of the mortgage, the buyer was obligated for the  debt.

Assignment Of Mortgage

Definition: A legal instrument stating that the mortgagee transfers the mortgage and promissory note to the purchaser. Pronunciation: \ə-ˈsīn-mənt  \ˈmȯr-gij Used in a Sentence:   The assignment of mortgage transferred the property from...

Assignor

Definition: Person who gives legal rights or interests to another person. Pronunciation: \ˌa-sə-ˈnȯr Used in a Sentence:  The assignor transferred the mortgage and promissory note to the purchaser.

Assignment

Definition: The written instrument that serves to transfer the rights or interests of one person to another. Pronunciation: \ə-ˈsīn-mənt Used in a Sentence:   Constructive notice is given when an assignment of a...