Economic Life

Gradual and steady increase in the general price level which is bearable in the near term but may result in significant long-term price increases, See also galloping inflation. ...

The definition of emblements in real estate is very simple: emblements are the crops grown on a piece of property leased to a tenant. Legally, the crops are the property of the person who ...

Net amount received when property is sold. It equals the selling price less outstanding mortgage balance less all costs incurred in connection with the sale. These expenditures include ...

Nineteenth-century style home architecture featuring three dimensional ornamentation, made by hand using a chisel and gouge. ...

Court order whereby the bankrupt debtor is forgiven of this or her debts. Even though the debtor is no longer obligated for discharged debts, the bankruptcy remains in his credit report ...

Written modification to an insurance policy that alters its provisions. The rider may update the policy, and change the coverage of real property. ...

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 to the first-born son. ...

Method to compute the price of an income-producing property by dividing the asking price of the property by current gross rental income. A property in a comparable neighborhood may be ...

Alexandria, Virginia is part of the Washington, Arlington, Alexandria metropolitan area and with a population of about 150,000 people, this city is a historical site with plenty of fun ...

The definition of a commitment letter or letter of commitment in real estate is a letter whose purpose is to inform a loan applicant that their application has been processed and their ...

Wondering how to calculate the fair market value of a property? It helps if you understand that it’s all about an estimate; you’ll hardly bull’s-eye-it. Fair market ...

With a population of about 1.3 million people, Dallas is the third most populous city in Texas and the ninth most populous city in the USA. The city of Dallas is part of the fourth largest ...

Gulf Shores is a coastal city located to the southernmost side of Alabama on the shores of the Gulf of Mexico. This beautiful coastal destination has a population of about 12,000 people and ...

If you’re thinking of moving to Estero FL, we don’t blame you. We’ve all been there! As a classy beach town with a long list of practical attributes that make it an ...

Wondering what is the cash offer definition? Well, the cash offer definition is pretty much what it says, an offer made in cash. But aren’t all offers cash? No one buys a house ...

Any move is stressful, no doubt about it. And it can put a lot of pressure on you, even financially. Like everybody else, you have a few expensive items that you want to make sure that ...