Definition: A lot that is bounded on either side by another lot (lots located in the middle of a block) Pronunciation: \in-ˈtir-ē-ər\ Used in a Sentence: The interior lots on the street backed up to conservat..
Category : I
Definition: The process whereby financial middlemen consolidate many small savings accounts belonging to individual depositors and invest those funds in large, diversified projects. Pronunciation: \ˌin-tər-ˌmē-dē-ˈā-shən\ Used in a Sentence: Intermediation occurs when thrift institutions accept depositors’..
Definition: A legal proceeding whereby an uninterested third party deposits with the court the disputed escrow funds so that the court can determine who is the rightful claimant. Pronunciation: \in-ˈtər-ˈplē-dər\ Used in a Sentence: The broker acted as the interpleader when the buyer and seller could not agree on the disbursement of the escrow ..
Definition: A system of time-share ownership in which the owner acquires title to specific property for a certain week (or weeks) of each year. Pronunciation: \ˈin-tər-vəl\ \ˈō-nər-ˌship\ Used in a Sentence: Interval ownership is fee simple ownership and contains the same rights as any other property conveye..
Definition: Dying without a will or having left a will that is defective in form. Pronunciation: \in-ˈtes-ˌtāt, -tət\ Used in a Sentence: Because the elderly gentleman died intestate his property passed to his heirs according to the laws of ..
Definition: The outlay of money usually for income or profit: the sum invested or the property purchased. Pronunciation: \in-ˈves(t)-mənt\ Used in a Sentence: He made a large investment in the purchase of the apartment..
Definition: The worth of a property to a particular investor based on the investor’s desired rate of return, risk tolerance, etc. Pronunciation: \in-ˈves(t)-mənt\ \ˈval-(ˌ)yü\ Used in a Sentence: The owner placed a high investment value on his office..
Definition: The status of a license that results when the license is not renewed at the end of the license period. Pronunciation: \(ˌ)in-ˈvä-lən-ˌter-ē, -ˌte-rē\\(ˌ)i-ˈnak-tiv\ Used in a Sentence: The sales associates license was changed to involuntary inactive when he failed to renew i..
Definition: A lien imposed against real property without the consent of the owner (e.g. property taxes, special assessments). Pronunciation: \(ˌ)in-ˈvä-lən-ˌter-ē, -ˌte-rē\\ˈlēn, ˈlē-ən\ Used in a Sentence: The property taxes on the house are considered an involun..