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Mechanic's lien
Mechanic's lien A lien created by statute on a specific property for labor or materials contributed to an improvement on that property.
RELATED TERMS--------------------------------------
Lien
A charge or claim by one party on the property of another as security for the payment of a debt.
Statute
A law established by an act of a legislature.
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.
Improvement
Valuable additions to property which raise the value of the property.
SIMILAR TERMS--------------------------------------
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PREVIOUS AND NEXT TERMS--------------------------------------
Maturity
The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.
Maturity date
The date when the total principal balance comes due
Maximum financing
A mortgage made on a property in which the lender’s lowest permissible down payment has been made.
Mean
The average of all items included within a group, calculated by dividing the sum of the individual items, or variates, by the number of variates.
Mechanical systems
A house’s heating, cooling, plumbing and electrical apparatus.
Mechanic's lien
Median
The middle figure in a set of numbers.
Median price
In a given area, the amount paid for a house in which half of the houses in that area sell for less and half sell for more.
Mediation
A process where a neutral third party intervenes between the disputing parties to reach a satisfactory solution.
Meeting of the Minds
When all individuals to a contract agree to the substance and terms of that contract.
Meeting space
In hotels, space made available to the public to rent for meeting, conference or banquet uses
This dictionary contains 6433 terms. |
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