Right

Definition of "Right"

Claim of a person or business to real property such as by exercising an option.

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Related Real Estate Glossary terms

Unity Of Possession

Principle stating that the joint tenants must have equal rights to possession of the whole property. ...

Forfeiture Of Vested Benefits

Relinquishment of rights to benefits when an employee withdraws previous contributions to a plan. An ...

Person

Individual with legal privileges and obligations. The legal term is sometimes used for a corporation ...

Electronic Data Interchange (edi)

Method used to reduce workers compensation insurance costs by using a single database system to elec ...

Society Of Industrial And Office Realtors (SIOR)

Branch of the National Association of Realtors. Members are involved in real estate transactions for ...

Stock Insurance Company

Business owned by stockholders, as contrasted to a mutual insurance company, which is owned by its p ...

Related Real Estate FAQ

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

What Is A Lifetime Rate Cap?

A lifetime rate cap is an adjustable-rate mortgage (ARM), this cap limits the amount the interest ra ...

What Is A Point?

A point is equal to 1 percent of a loan amount. Lenders charge points in exchange for lowering the i ...

What Does Travel Insurance Typically Cover?

Loss of luggage Loss of travel documents Cancellation and lost deposit expenses Medical expens ...

What Is An Origination Fee?

An origination fee is a fee paid to a lender for processing a loan application. ...

What Are Basis Points?

Basic points relates to changes in the interest rate for your home. ...

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