Dictionary

General Partnership

Definition:   An association of two or more persons for the purpose of jointly conducting a business and sharing full liability for the debts and obligations of the partnership. Pronunciation:  \ˈjen-rəl, ˈje-nə-\ \ˈpärt-nər-ˌship\...

General Lien

Definition:   a claim that may affect all of the properties of a debtor. Pronunciation:   \ˈjen-rəl, ˈje-nə-\ \ˈlēn, ˈlē-ən\ Used in a Sentence:   There was a general lien against the debtor for...

General Agent

Definition:   One authorized by the principal to perform only acts related to a business or to employment of a particular nature. Pronunciation:  \ˈjen-rəl, ˈje-nə-\ \ˈā-jənt\ Used in a Sentence:   The property manager...

Gable

Definition:  A roof design that peaks at the center ridge and extends downward on two opposite sides. Pronunciation:  \ˈgā-bəl\ Used in a Sentence:   What really attracted us to the house was...

Freehold Estate

Definition:   A tenancy in real property with no set end date that can be measured by the lifetime of an individual or can be inherited by heirs. Pronunciation:   \ˈfrē-ˌhōld\\i-ˈstāt\ Used...

Free And Clear

Definition:  Title to real property that is absolute and unburdened by any liens, mortgages, clouds or other encumbrances. Pronunciation: Used in a Sentence:    After review the abstract of title...