Competent

Definition of "Competent"

An individual legally fit and able to undertake an activity or function.

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Related Real Estate Glossary terms

Lessor

Owner of real property who gives another the right to use it in return for rental payments. The thre ...

Water Level

Surface level of water. ...

Equity Reit

Type of a real estate investment trust whose investment money is used for the purchase of a portfoli ...

Unlimited Marital Deduction

Deduction allowed for gifts and bequests to a spouse for federal estate and gift tax purposes. Under ...

Master Contract

Same as term Master policy: single contract coverage on a group basis issued to an employer. Group m ...

Mortgagee Clause

Attachment to a property insurance policy to protect the interest of the mortgagee in the mortgaged ...

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