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Substantial performance
Substantial performance Substantial performancerefers to the fulfillment of the obligations agreed to in a contract, with only slight variances from the exact terms and/or unimportant omissions or minor defects.
RELATED TERMS--------------------------------------
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Minor
A person under a legal age, usually under 18 years old.
SIMILAR TERMS--------------------------------------
Subscribe
1) To give, pay, or pledge (a sum of money) as a contribution, investment, etc. 2) To append one's signature or mark to (a document), as in approval or attestation of its contents.
Subscribing witness
The witness to the execution of an instrument who has written his name as proof of seeing such execution.
Substitute of trustee
A document which is recorded to change the trustee under the deed of trust.
Substitution
An appraisal principle that states that the maximum value of a property tends to be set by the cost of purchasing an equally desirable and valuable substitute property, assuming that no costly delay is encountered in making the substitution.
Substitution of entitlement
Replaces one eligible veteran with another on an existing Veterans Administration loan.
Subsurface rights
Ownership rights in a parcel of real estate to the water, minerals, gas, oil and so forth that lie beneath the surface of the property.
PREVIOUS AND NEXT TERMS--------------------------------------
Sweat equity
Contribution to the construction or rehabilitation of a property in the form of labor or services rather than cash.
Syndicate
A combination of people or firms formed to accomplish a business venture of mutual interest by pooling resources.
Syndication
A descriptive term for a group of two or more people united for the purpose of making and operating an investment.
Synthetic lease
A transaction that appears as a lease from an accounting standpoint but as a loan from a tax standpoint.
Scheduled rent
Scheduled rent is an automatic payment made by a resident to the owner of the property he / she has lended at regular periods of time.
Substantial performance
Sidesplit
Sidesplitrefers to the multilevel house with different levels visible from the front elevation.
This dictionary contains 6433 terms. |
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