Dictionary

Laissez-faire

Laissez-faire

Definition: A policy that allows businesses to operate with very little interference from the government. Pronunciation: \ˌle-ˌsā-ˈfer, ˌlā-, -ˌzā-\ Used in a Sentence: During the industrial revolution, the philosophy of...

Laissez-faire

Definition: A policy that allows businesses to operate with very little interference from the government. Pronunciation: \ˌle-ˌsā-ˈfer, ˌlā-, -ˌzā-\ Used in a Sentence: During the industrial revolution, the philosophy of...

Kickback

Definition:   Payment of money from someone other than the buyer or seller associated with real estate business. Pronunciation:   \ˈkik-ˌbak\ Used in a Sentence:    Sharing a portion of the commission...

Kickback

Definition:   Payment of money from someone other than the buyer or seller associated with real estate business. Pronunciation:   \ˈkik-ˌbak\ Used in a Sentence:    Sharing a portion of the commission...

Key Lot

Definition:   A long thin lot similar to the shaft of a key that is often bounded by as many as five or six lots.  Also refers to a lot that...

Key Lot

Definition:   A long thin lot similar to the shaft of a key that is often bounded by as many as five or six lots.  Also refers to a lot that...

Just Value

Definition:  The fair market value of something. Pronunciation:   \ˈjəst, ˈjüst\ \ˈval-(ˌ)yü\ Used in a Sentence:   The seller wanted to get just value for his property.

Just Value

Definition:  The fair market value of something. Pronunciation:   \ˈjəst, ˈjüst\ \ˈval-(ˌ)yü\ Used in a Sentence:   The seller wanted to get just value for his property.

Junior Mortgage

Definition:   A mortgage, such as a second mortgage, that is subordinate in right or lien priority to an existing mortgage on the same real property. Pronunciation:   \ˈjün-yər\ \ˈmȯr-gij\ Used in a...

Junior Mortgage

Definition:   A mortgage, such as a second mortgage, that is subordinate in right or lien priority to an existing mortgage on the same real property. Pronunciation:   \ˈjün-yər\ \ˈmȯr-gij\ Used in a...

Junior Lien

Definition:   Priority based on the date of recording in the public records. Pronunciation:   \ˈjün-yər\\ˈlēn, ˈlē-ən\ Used in a Sentence:   The IRS lean was considered a junior lean against the property...

Junior Lien

Definition:   Priority based on the date of recording in the public records. Pronunciation:   \ˈjün-yər\\ˈlēn, ˈlē-ən\ Used in a Sentence:   The IRS lean was considered a junior lean against the property...