grantor

With the typical deed, the seller, current owner or provider of any conveyance is normally considered the grantor. Most states require that deed grantors be legally competent and be clearly and accurately identified in the deed.
See: grant, grantee


References

  • Own It! Real Estate Dictionary (Volume 8) by William E Keeler

grantee

Grantee is the person to whom a grant is made. The one who receives the property from the grantor. With the typical deed, the buyer or recipient of any conveyance of property is normally called the grantee. Legal capacity and the grantee's signature are not required; however, the grantee must be alive when the deed is delivered.


References

  • Own It! Real Estate Dictionary (Volume 8) by William E Keeler

grant

In law, "grant" is the transfer an interest in real property from a title holder (grantor) to a person (called the grantee) with or without payment.

grant

1. Allowing something that is requested.
The United States granted permanent residence to 300,000 applicants who work in high-tech industry.


2. To accept that something is true, often before expressing that still your opinion does not change.
I'll grant you that he is not succeed it this time but I still believe in him.


3. Amount of money given by a government or other organization (called the grantor) for a particular purpose such as education or research.

Goodwill

In business, "goodwill" refers to the reputation of a business. In selling a business, it represents non-physical assets such as brand recognition, customer loyalty, patents, copyrights, and trademarks.


Goodwill is considered an intangible asset in an acquisition because it is not a physical asset like shares, property, or equipment.
Improved by simon

Goodwill

"Goodwill" refers to a friendly or helpful attitude towards other people.
Government released all protesters being held in jail, as a goodwill gesture.

furry

The term "furry" is used to describe people who like to dress up in animal costumes. Furries pretend to be anthropomorphic animals with human characteristics, more likely as a cartoon version of animals rather than a real animal. This enthusiasm and the community is referred to as "furry fandom". Around quarter of a million people in the US identify themselves as “furries”.


:: Sexual attraction? ::
The community holds different views about sexual attraction to furry characters.
In one survey with 4300 furry respondents, 37% answered that sexual attraction is important in their furry activities, 38% were ambivalent, and 24% answered that it has little or nothing to do with their furry activities. --Wikipedia
furry
Eurofurence furries gathering in Berlin in August 2016.


:: More Info ::
Furry fandom - Wikipedia
One of the most popular furry social networking site - Furaffinity.net


furry

An adjective that refers to something covered with fur. For instance, a furry animal.

fraud

The term "Fraud" refers to an intentional false representation including concealment of material fact, which is used to induce another person to act, which act causes a loss of money or legal rights.


Also, a person who pretends to be someone who is not, is called fraud. For instance, someone who is pretending to be a doctor.

fraud

Fraud is the crime of taking one's right, money or property by deceiving victims with an intentional perversion of truth.


Most common types of fraud include credit card fraud, insurance fraud, online sales of fake products, check fraud, charity fraud, identity fraud, and online banking fraud.

Eminent domain

A legal term referring to the power of the government to take, through condemnation, private property for a public use upon the payment of fair compensation.


The property owner does not have the right of objection about condemnation, but they can challenge whether it's fair market value.

Condemnation

The taking of private property for public use once payment of a fair compensation to the owner has been made. The property is taken under the power of eminent domain by the federal or local government.

influential

An adjective that describes "having great influence" on someone or something.
It's an influential book in American literature.

Foreclosure

Foreclosure is a legal process whereby property pledged as security for a debt is sold to pay the debt in the event of a default.


:: Strict foreclosure ::
A type of judicial foreclosure, in which the court does not sell the property. Instead, the court gives title to the lender and ends the debt. However, this process also eliminates all redemption rights, deficiency judgments and any surplus compensation to the borrower. This is not commonly used.


:: Tax foreclosure ::
The sale--usually through public auction--of properties that have not paid delinquent property taxes. Most local taxing authorities assure themselves of property tax revenue by selling delinquent property taxes to investors. These investors or the taxing authority can then exercise their rights to foreclose on the property. However, property owners may be able to rescue their homes by exercising their equitable or statutory rights of redemption.


:: Deed in Lieu of foreclosure ::
A real estate deed used to convey title to a property from the current owner to the owner's lender or creditor. This deed is normally used when the current owner is in default or foreclosure proceedings. By voluntarily surrendering the property, both parties avoid the costs and delay of further legal proceedings. The lender receives title without going through the usual court and auction process; in exchange, the loan is terminated. Similar to the power of sale clause, this is a type of non-judicial foreclosure .


:: Judicial foreclosure ::
Also called foreclosure by sale, this type of foreclosure uses the courts to take the title of the collateral property away from the mortgagor. The two most common types of judicial foreclosures are judicial sales and strict foreclosures.


:: Non-Judicial foreclosure ::
A type of foreclosure that does not involve the courts. Unlike judicial foreclosures, this process usually gives the lender the title to the subject property (deed in lieu of foreclosure ) or the power to sell the property (power of sale clause).


Estate

In the real estate industry, the term "estate" refers to the ownership interest one has in real property. An estate encompasses the degree, nature and extent of ownership rights.


Estates are typically divided into two groups: freehold estates of indefinite length and leasehold estates for a fixed term.

Fiduciary

A fiduciary is a person or an organization that acts in a relationship or position of trust regarding financial transactions. For instance, agents, trustees, and attorneys.


When it is used as adjective, refers to something relating to the responsibility to take care of someone else's money or assets. For example, a fiduciary duty, fiduciary estates, a fiduciary relationship, etc.

homestead

Homestead is a house with its surrounding area of land and outbuildings, typically a farmhouse. In the past, the US government used to provide land for people, for farming purpose.
homestead


References

  • Self-sufficient one-acre homestead illustration from tpudc.com

ostensible

1. Ostensible is used to express something that seems to be true, or stated to be true, but it might not be.
He wrote three more books after his ostensible retirement.


1a) Or the person who has uttered the word has doubts about its trueness.
Her ostensible reason was to study maths, but her real reason was being close to him.


1b) Apparent; seeming, visible.
He suffered much, and not only from his ostensible enemies.

felony

A major crime, the penalty of which is usually a stiff fine and/or imprisonment in a state penitentiary. Felonies are divided into several degrees that are classified according to the relative seriousness.


An example classification from the State of Pennsylvania:
1. Murder of the first degree. (Mandatory death or life imprisonment)
2. Murder of the second degree. (Mandatory life imprisonment)
3. Felony of the first degree. (20 years - $25,000)
4. Felony of the second degree. (10 years - $25,000)
5. Felony of the third degree. (7 years - $15,000)
6. Misdemeanor of the first degree. (5 years - $10,000)
7. Misdemeanor of the second degree. (2 years - $5,000)
8. Misdemeanor of the third degree. (1 year - $2,000)


felony

Felony is a major crime that can be punished more than one year in prison. A person who has committed a felony is called a "felon". Usually, countries have a discrimination for serious crimes and less serious crimes. As in many states in the United States, where the felony/misdemeanor distinction is exist, it is classified as a misdemeanor if the punishment is less than one year.


:: More Info ::
A list of crimes that can be classified as a felony
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