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Naked title
Naked title Bare title to the property, lacking the usual rights and privileges of ownership. A trustee in a deed of trust securing instrument may hold the title to a secured property, but only such title as is needed to carry out the terms of the lien document.
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Title
1) The rights of ownership and possession of particular property. 2) In real estate usage, title may refer to the instruments or documents by which a right of ownership is established (title documents), or it may refer to the ownership interest one has in the real estate.
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.
Ownership
The right to possess and use property to the exclusion of others.
Trustee
A party who is given legal responsibility to hold property in the best interest of or "for the benefit of" another.
Deed
A signed, written instrument that conveys title to real property.
Trust
An arrangement whereby legal title to property is transferred by the grantor (or trustor) to a person called a trustee, to be held and managed by that person for the benefit of another, called a beneficiary.
Instrument
A written legal document created to secure the rights of the parties participating in the agreement.
Lien
A charge or claim by one party on the property of another as security for the payment of a debt.
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Nuuk property
Property in Nuuk, Greenland. Apartments, flats, houses, offices and other property in Nuuk.
Nyala property
Property in Nyala, Sudan. Apartments, flats, houses, offices and other property in Nyala.
Nyiregyhaza property
Property in Nyiregyhaza, Hungary. Apartments, flats, houses, offices and other property in Nyiregyhaza.
Ninety-one day T-bill auction average discount rate
The U.S. government issues short-term debt at a discount at a competitive auction, usually on a weekly basis.
Nail pops
Nails in load-bearing parts of new homes that pop out slightly because of settling of the structure.
Naked title
NAREIT (National Association of Real Estate Investment Trusts)
The national, not-for-profit trade organization that represents the real estate investment trust industry
National Association of Independent Fee Appraisers (NAIFA)
A professional association of appraisers with more than 2,000 members nationally. NAIFA offers the specialty designations IFA (member), IFAS (senior member) and IFAC (appraiser-counselor).
National Association of REALTORS
The association of REALTORS dedicated to the protection and the preservation of the free enterprise system and the right of the individual to own real property as guaranteed by the Constitution of the United States of America.
National Bank
A bank chartered by the federal government and a mandatory member of the Federal Reserve System.
National Bank Act of 1863
In 1863, President Abraham Lincoln, at the urging of Salmon Chase, the Secretary of the Treasury, signed the National Bank Act. The Act established a national banking system and a uniform national currency to be issued by new "national" banks.
This dictionary contains 6433 terms. |
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