Seventy-two hour clause

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Seventy-two hour clause

Seventy-two hour clause

Wording that is inserted in a purchase contract when the purchase of a home is contingent on the sale of the buyer's current home. The seller accepts the offer but reserves the right to accept a better offer if one comes along.

RELATED TERMS
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Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.

Offer
A proposal to purchase property at a specified price and terms.

SIMILAR TERMS
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Sevenoaks property
Property in Sevenoaks, Great Britain. Apartments, flats, houses, offices and other property in Sevenoaks.

Severalty
Sole ownership of real property.

Severance
Changing an item of real estate to personal property by detaching it from the land.

Severodonetsk property
Property in Severodonetsk, Ukraine. Apartments, flats, houses, offices and other property in Severodonetsk.

Severodvinsk property
Property in Severodvinsk, Russia. Apartments, flats, houses, offices and other property in Severodvinsk.

PREVIOUS AND NEXT TERMS
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Syzran property
Property in Syzran, Russia. Apartments, flats, houses, offices and other property in Syzran.

Szczecin property
Property in Szczecin, Poland. Apartments, flats, houses, offices and other property in Szczecin.

Szeged property
Property in Szeged, Hungary. Apartments, flats, houses, offices and other property in Szeged.

Szekesfehervar property
Property in Szekesfehervar, Hungary. Apartments, flats, houses, offices and other property in Szekesfehervar.

Six month LIBOR rate
LIBOR stands for London Interbank Offered Rate. It's the rate of interest at which banks offer to lend money to one another in the wholesale money markets in London.

Seventy-two hour clause

S and L
Savings and Loan Association, a state or federally-chartered depository financial institution that was primarily a provider of home mortgages but since deregulation in the 1980’s to offer services similar to a commercial bank.

Safe Drinking Water Act
Enacted by Congress in 1974, this federal law administered by the EPA and equivalent state regulators to establish and enforce drinking water standards.

Safety clause
It provides that a broker is still entitled to a commission for a set period of time after the listing has expired if the property is sold to a prospect, who was introduced to the property by the broker, during the period of the listing.

Sale contract
A written agreement between buyer and seller that details price and other terms and conditions of sale.

Sale-leaseback
A technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.

This dictionary contains 6433 terms.

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