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Equal dignities rule
Equal dignities rule A rule of agency law that stipulates that when a contract is required by law to be in writing, the authority of an agent to enter into such a contract on behalf of the principal must also be in writing.
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Agency
1) The relationship that exists when a person, known as the principal, contracts to another, the agent, to perform an act in that person's stead. 2) Common term for a firm offering representation.
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Agent
Person authorized to act on behalf of another in dealings with third parties.
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
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Equal Credit Opportunity Act (ECOA)
A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
Equalization
In some jurisdictions, when it is necessary to correct inequalities in state wide tax assessments, an equalization factor is used to achieve uniformity.
Equalization factor
A factor (number) by which the assessed value of a property is multiplied to arrive at a value for the property that is in line with statewide tax assessments.
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Environmental impact statement
Documents required by federal and state laws to accompany proposals for major projects and programs that will likely have an impact on the surrounding environment
Environmental protection agency (EPA)
A federal agency created in 1970 by bringing together various federal pollution control activities that had been scattered among a number of federal departments and agencies. The EPA is involved with environmental problems of air and water pollution, solid-waste management, pesticides, radiation and noise.
Environmental site assessment
An independent investigation and assessment of a property to determine if any existing or potential environmental problems or hazards exist on property.
Environmentally friendly home construction
A method of construction that utilizes recycled materials.
Equal Credit Opportunity Act (ECOA)
A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
Equal dignities rule
Equalization
In some jurisdictions, when it is necessary to correct inequalities in state wide tax assessments, an equalization factor is used to achieve uniformity.
Equalization factor
A factor (number) by which the assessed value of a property is multiplied to arrive at a value for the property that is in line with statewide tax assessments.
Equifax
One of the Big Three credit bureaus, along with Experian and Trans Union.
Equitable lien
A lien arising out of common law—in contrast to a statutory lien, which is imposed on property by statute.
Equitable redemption
A defaulted property owner recovering his or her property prior to its sale by curing the default.
This dictionary contains 6433 terms. |
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