Executrix
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  Executrix



Executrix

   A female person appointed by a testator to carry out the directions and requests in his or her last will and testament, and to dispose of his or her property according to the provisions of the will.

RELATED TERMS
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Testator
A male who has made a valid will.

Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.

Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.



SIMILAR TERMS
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Execute
The act of making a document legally valid, such as formalizing a contract by signing or acknowledging and delivering a deed.

Executed contract
An agreement that has been fully performed.

Execution
The signing and delivery of an instrument. Also, a legal order directing an official to enforce a judgment against the property of a debtor.

Executor
A person named in a will to administer an estate. The court will appoint an administrator if no executor is named.

Executory contract
A contract under which something remains to be done by one or more of the parties.



PREVIOUS AND NEXT TERMS
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Execute
The act of making a document legally valid, such as formalizing a contract by signing or acknowledging and delivering a deed.

Executed contract
An agreement that has been fully performed.

Execution
The signing and delivery of an instrument. Also, a legal order directing an official to enforce a judgment against the property of a debtor.

Executor
A person named in a will to administer an estate. The court will appoint an administrator if no executor is named.

Executory contract
A contract under which something remains to be done by one or more of the parties.

Executrix

Exemplary damages
Monetary damages that go beyond the actual compensatory damages. They are awarded to punish a wrongdoer for fraudulent, malicious and wrongful conduct.

Exhaust fan
Ventilating devices that remove water vapor, undesired smells or smoke.

Existing liabilities
Expenses taken into account by a mortgage lender when assessing an applicant’s ability to repay the loan.

Exit strategy
Strategy available to investors when they desire to liquidate all or part of their investment

Expansion option
Right granted by the landlord which provides the option of adding more space to the premises.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

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