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Undisclosed heir
Undisclosed heir A person who claims the right to a piece of property after the death of an owner without a will.
RELATED TERMS--------------------------------------
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.
Will
A written document, properly witnessed, providing for the transfer of title to property owned by the deceased, called the testator.
SIMILAR TERMS--------------------------------------
Undisclosed dual agency
An illegal situation that arises when a real estate broker represents both parties but does not inform one or more of the parties.
Undisclosed spouse
An unidentified marital partner who can claim the right to a piece of property.
PREVIOUS AND NEXT TERMS--------------------------------------
Underground storage tanks (usts)
USTs are commonly used for storing petroleum products, chemicals or process wastes. Sites which use USTs include airports, gas stations, industrial locations and military bases.
Underlayment
A layer of wood between the subfloor and the floor.
Underwriter
A person who evaluates the risk of default by a mortgage loan applicant, and grants approval or denial of the loan.
Underwriting
The process of analyzing a loan application to determine the amount of risk involved in making the loan.
Undisclosed dual agency
An illegal situation that arises when a real estate broker represents both parties but does not inform one or more of the parties.
Undisclosed heir
Undisclosed spouse
An unidentified marital partner who can claim the right to a piece of property.
Undue influence
Strong enough persuasion to completely overpower the free will of another and prevent him or her from acting intelligently and voluntarily, as in a case where a broker guilty of blockbusting has induced someone to sell in fear of a change in the racial character of the community.
Unearned income
Income such as interest, dividends, capital gains or rents, as opposed to earned income, such as wages, tips and salaries.
Unencumbered
Property that is free of liens and other encumbrances.
Unenforceable contract
A contract which is considered unenforceable either because it cannot be proven or will not be enforced by a court.
This dictionary contains 6433 terms. |
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