Property


Definition of "Property"

Ownership rights to real or other types of tangible or intangible property. Property rights include exclusive occupancy, possession, use, and the right of disposition. Individuals groups, organizations, and governments may own property.



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Related Real Estate Glossary terms

Reverse Annuity Mortgage (RAM)

Mortgage where the lender pays a borrower a fixed monthly payment based on the value of the propert ...

Title Insurance

Coverage for losses if a land title is not free and clear of defects that were unknown when the titl ...

Calendar Year Statistics

Same as term Calendar Year Experience: paid loss experience for the period of time from January 1 to ...

Shared Appreciation Mortgage (SAM)

A mortgage on which the borrower gives up a share in future price appreciation in exchange for a l ...

Contract Rate

Stated rate of interest on the face amount of a loan or installment note. ...

Initial Reserve

Reserve at the beginning of the policy year that is equal to the terminal reserve for the preceding ...

Related Real Estate FAQ

What Happens When A Property Starts To Depreciate?

When a property depreciates it declines in the value of the property due to poor location, dilapidat ...

What Is A REALTOR®?

A REALTOR® is an agent or agency that belongs to the local or state board of REALTORS® and is affi ...

Should I Pay Points For A Lower Rate?

Paying points for a lower interest rate is a trade off between paying money now versus paying money ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

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