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Release deed
Release deed A document that transfers all rights given a trustee under a deed of trust loan back to the grantor after the loan has been fully repaid.
RELATED TERMS--------------------------------------
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.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
Grantor
That party in the deed that is the seller or giver.
SIMILAR TERMS--------------------------------------
Release
An instrument releasing property from the lien of the mortgage, judgment, etc.
Release clause
A provision found in many blanket mortgages enabling the mortgagor, upon payment of a specific sum of money, to obtain a partial release of particular portions or parcels of the collateral.
Release of liability
The release of an old borrower from further responsibility for repayment of an assumed loan.
PREVIOUS AND NEXT TERMS--------------------------------------
Reissue rate
A charge for a title insurance policy if a previous policy on the same property was issued within a specified period of time.
REIT (Real Estate Investment Trusts)
A business trust or corporation that combines the capital of many investors to acquire or provide financing for real estate.
Rejection
Proposing any deviation from the terms of the offer constitutes a rejection of the original offer and becomes a new offer.
Release
An instrument releasing property from the lien of the mortgage, judgment, etc.
Release clause
A provision found in many blanket mortgages enabling the mortgagor, upon payment of a specific sum of money, to obtain a partial release of particular portions or parcels of the collateral.
Release deed
Release of liability
The release of an old borrower from further responsibility for repayment of an assumed loan.
Reliction
An increase of the land by the permanent withdrawal of the ocean or a river.
Relinquished property
The property given up in the exchange.
Relocation benefits
Money and other consideration that an employer gives to employees who move or are transferred at the company’s behest.
Relocation company
A business that specializes in providing help to employees who move for their employer.
This dictionary contains 6433 terms. |
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