Obiter Dictum
Opinion of a judge having no direct legal or binding effect on the outcome of a pending judicial decision. An obiter dictum is considered to be an incidental judicial remark about some point that may or may not be directly relevant to the matter before the bench. For example, while ruling in favor of a mortgagor in a foreclosure action brought by the mortgagee, a judge states an obiter dictum to the mortgagor saying "in the future, pay your bills on time".
Popular Real Estate Terms
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Map presented to a municipality's planning agency by a real estate developer for consideration and approval. ...
Price at which the seller and the buyer agree to trade real estate on the open market. ...
fee to use a bridge or tunnel. Fee assessed to use someone else's property. ...
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