Definition of "Divestiture"

(1) Surrendering voluntarily or involuntarily ownership of property or an interest therein. (2) Court order to give up possession or the right to property such as in the case of an antitrust action to eliminate a monopolistic advantage of a real estate company in a particular area.

image of a real estate dictionary page

Have a question or comment?

We're here to help.

*** Your email address will remain confidential.
 

 

Popular Real Estate Terms

(1) Type of loan where the final payment is substantially greater than the previous payments; also termed partially amortized loan. A debt agreement might stipulate a balloon payment when ...

Appraisal of a location before the purchase is made of it for potential environmental problems. ...

Highly subjective term, usually an expression of monetary worth applied to a particular piece of real estate property. ...

Methods of materials used in designing and fabricating a building. ...

Legal action of a landlord to remove a tenant.The tenant may have violated the lease agreement such as for the tenant's failure to pay the rent. ...

Small, early twentieth century, one-story house or cottage. ...

Restraining a person or business from denying an appropriate conveyance of property evidenced by a deed has given. ...

Also called settlor. A trust created by a will starting upon the donor's death. It empowers a trust administrator to implement the terms of the trust. ...

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

Popular Real Estate Questions