Terms with Tag Legal
- Stock — Definition,
- A share of the ownership of a company.
- Sublet — Definition,
- An arrangement where a tenant leases property to a subtenant.
- Subrogation — Definition,
- When an insurance company has the right to take legal action against a third party for damages.
- Supplemental Environmental Impact Statement (SEIS) — Acronym,
- Supreme Court of British Columbia (SCBC) — Company, British Columbia, Canada,
- Supreme Court of Canada (SCC) — Company, Canada,
- Surrender Charge — Definition,
- A charge levied when a life insurance policyholder cancels his or her policy.
- Surrender Rights — Definition,
- The contractual right for a life insurance or annuity policyholder to cancel his or her policy.
- Survivorship — Definition,
- The right of a person to secure ownership by reason of his/her outliving someone with whom s/he shared undivided interest in the land.
- Sweat Equity — Definition,
- The value of the work put into a house by its owner. This can be used in place of a full down payment. Up to and including 50% of a down payment.
- Takeover — Definition,
- The purchase of a company by another.
- Tangible Personal Property Memorandum (TPPM) — Acronym,
- Tax-sheltered — Definition,
- A savings or investment plan that offers significant tax savings.
- Tenancy by the Entirety (TBE) — Acronym,
- An arrangement where spouses have an undivided interest in a property. If a spouse dies, the other retains ownership.
- Tenant — Definition,
- One who rents property.
- Term — Definition,
- The length of time you commit to repay a lender or bank at an agreed upon interest rate and payment schedule. The interest rate usually remains constant during this term unless the commitment states otherwise. For example, a five year fixed rate mortgage has a term of five years.
- Terms (trms) — Abbreviation,
- Title — Definition,
- Evidence of a person's right to possession ownership of a property.
- Title Defect — Definition,
- A legal claim by others to property, or the right to make demands upon an owner.
- Title Report — Definition,
- A report that reveals any competing claims, liens, or other problems relating to a property. A title report is required before title insurance will be issued. Also known as a "Preliminary Title Report" or "Prelim."
- Title Search — Definition,
- A check of public records to make sure that the owner of real property has the right to transfer ownership. A title search is designed to spot gaps in the chain of title, liens, problems with the legal description of the property, judgements against the owner, and the like.
- Tort — Definition,
- An act that causes harm or loss.
- Tort Law — Definition,
- Civil law or the laws that govern civil lawsuits.
- Tortfeasor — Definition,
- A party who commits a tort (a civil wrong).
- Transfer of Title (TOT) — Acronym,
- A document signed by the seller and purchaser transferring ownership, at which time the document is registered against the property.
- Trust — Definition,
- A fund established like a will, specifying how money or property will be disbursed, lists the recipients or beneficiaries and names one or more trustees to manage the assets. An irrevocable trust can't be changed after the terms are finalized; a revocable trust has more legroom in how much can be transferred, but is usually costlier to maintain.
- Trust Account — Definition,
- An account used by a law firm or real estate agent to handle earnest money, funds set aside for repairs and other money that the buyer and seller put up before closing.
- Trust Company — Definition,
- A company that acts as a trustee (an entity that controls financial assets on the behalf of another).
- Two-Tier Healthcare — Definition,
- A situation where public healthcare is available to all people, but private healthcare can be purchased by those who want it.
- Unisex Legislation — Definition,
- Laws that prevent insurers from using gender as a factor when calculating premiums.
10.
Stock -
Takeover
Takeover
