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Rectangular (government) survey system
Rectangular (government) survey system A system established in 1785 by the federal government, providing for surveying and describing land by reference to principal meridians and base lines.
RELATED TERMS--------------------------------------
Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
SIMILAR TERMS--------------------------------------
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Recording
The noting in the registrar’s office of the details of a properly executed legal document, such as a deed, a mortgage note, a satisfaction of mortgage, or an extension of mortgage, thereby making it a part of the public record.
Recording deed
Entering the deed (owner's title) in public records to protect against subsequent claimants.
Recording fee
A charge by a local government to file official records of a real-estate transaction.
Recourse
The right of the holder of a note secured by a mortgage or deed of trust to look personally to the borrower or endorser for payment.
Recreant
1) Cowardly or craven. 2) Unfaithful, disloyal, or traitorous.
Rectangular (government) survey system
Red flag
A visual sign or indication of a defect. Something that warns a reasonably observant person of a potential problem, thus requiring further investigation.
Red herring
The preliminary prospectus for an initial public offering.
Redemption
The process of paying off the mortgage at the end of the mortgage term.
Redemption charges - penalty
Charges made by the lender when the borrower pays off the loan.
Redemption period
A period of time established by state law during which a property owner has a right to redeem real estate after a foreclosure or tax sale by paying the sales price, interest and costs.
This dictionary contains 6433 terms. |
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