Testate | Real Estate Glossary | Realestateagent.com

Definition of "Testate"

Person who dies leaving a will specifying the distribution of the estate.

Stock life insurance company that sells participating insurance and nonparticipating insurance. ...

Subordinate lien to a previous lien. Generally attached after a previous, and therefore senior, lien ...

Judicial proceeding against the person rather than against the person's property. Seeks to have the ...

Net amount of cash than an investor requires from an income-producing property, after taxes, for a p ...

Standard Commercial Property Floater form covering death or damage to livestock as the result of ins ...

Loan mandating equal periodic payments to pay off the loan subsequent to the last payment. ...

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

An interest rate is the percentage the lender charges you for borrowing money. ...

A type of mortgage in which the loan amount is amortized over the full length of the loan (usually 3 ...

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

A seller disclosure is a form required by most states; the seller uses this form to disclose any kno ...

A quit claim deed is a formal document that denies a claim to a certain property. Often used to clea ...

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