Store Decisis
Definition of "Store decisis"
Legal practice followed in the American and English judicial systems of following the precedents of former decisions in deciding new cases. The application of this doctrine has not only enhanced the uniformity and stability of the law throughout the country, but has also enabled the courts to be more efficient by providing guidelines for current cases.
Popular Real Estate Terms
An abstractor, or, most commonly known as an abstractor of title, is the individual that determines based on thorough research the condensed history needed for an abstract of title. They ...
Same as term insured loan: A loan indemnified against default by the borrower. Such loans may be a mortgage loan insured by a standard mortgage insurance policy or by FHA mortgage ...
Agequake is not the era of earthquakes! It’s a term that was coined by author Paul Wallace in his 1999 book “Agequake: Ridding the demographic rollercoaster shaking business, ...
Current value of a future sum or stream-annuity or mixed-of dollars discounted at a given rate. Present value determination is the inverse of future value calculation. ...
Charter issued by The Office of Thrift Supervision, under the U.S. Department of Treasure, to an institution to act as a savings and loan association. A federally chartered savings and loan ...
When two or more individuals simultaneously have rights in a property unit (e.g., apartment),. The individuals sharing the property have legal privileges and responsibilities to each other. ...
Individually owned lots and houses with community ownership of common areas. ...
Selling lots of land for such reasons as building structure on them including homes, office buildings, and shopping centers. ...
Transfer of personal property via a will as a gift to the recipient. ...
Have a question or comment?
We're here to help.