Real Estate Glossary Terms

• Duplex

  Structure have two dwelling units under the same roof. Two-story apartment unit. ...

• Highway Easement

  The construction of a highway right way over a privately held parcel of land. Property owners are entitled to compensation for the value of the property usurped by a highway easement. See also eminent domain. ...

• Interest Free Loans

  Means of borrowing at no charge by a policyowner under universal life insurance policies. ...

• Interpleader

  Legal procedure through which a court determines the rightful claimant (of two or more claimants making the same claim) against a third party. Insurance companies use interpleader if claims are made by different parties. For example, upon the death of an insured, two or more individuals (such as the ...

• Per Capita

  Distribution of a deceased beneficiary's share of an estate among all of his or her living heirs. Contrast with per stirpes. ...