Decree


Definition of "Decree"

Decision rendered by a court of law.

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Popular Real Estate Terms

Statute

Legislative written decree (rule) stipulating prescribed action and conduct designed to be in the public's best interest. Laws may cover civil and cri ...

Interlocutory Decree

An interim or provisional court decree, which is not final and can be reversed or amended, normally issued to direct additional proceedings prior to i ...

Tax Equity And Financial Responsibility Acts Of 1982 And 1983 (tefra)

Legislation that redefined life insurance and raised taxes on life insurance companies. Among the provisions were new rules for some life insurance pr ...

Lineal

Direct line of descent as from father to son. An example of a lineal hereditament would be passing of the title of real property by virtue of a will t ...

Corporation

Business organized as a distinct legal entity with ownership evidenced by shares of stock. To form a corporation, "articles of incorporation" must be ...

Investment Life Cycle

Time interval between buying a real estate investment and selling it. A sound way to determine the return from a real estate investment is over its li ...

Popular Real Estate FAQ

What Is A Sales Contract?

A sales contract is the contract you draw up when you want to make an offer on a home. ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

What Does Preapproved Mean?

When you are preapproved, you have a definite commitment from a lender ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also known as a settlement) ...

What Is A Basic Policy?

A basic policy is a homeowners insurance policy that covers certain perils. ...

What Is A Treasury Index?

A treasury index is an index used to determine interest-rate changes for certain adjustable-rate mortgages (ARMs). This index is based on the results ...

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What is homeowners insurance? What is flood insurance? What is a basic policy? What is a buydown? What is a fixed-rate mortgage?