Browse the glossary using this index

Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL

Page: (Previous)   1  ...  42  43  44  45  46  47  48  49  50  51  52  (Next)
  ALL

T

testate

refers to the status of a deceased and their estate when a will exists. When a person dies with a will, they are said to die testate.

testator

is the man who makes a will, testatrix if a female.

Tie-in arrangement

Offering products together as part of a package. For competitive purposes, a monopolist may use forced buying, or "tie-in" sales, to gain sales in other markets where it is not dominant and to make it more difficult for rivals in those markets to obtain sales.

   


time-share

is a form of ownership that allows access or occupancy for only a designated or specific time period.

title

rights of an owner to an estate or real property. A record that establishes the rights of ownership.

title insurance

is purchased by mortgage companies or lenders when securing a loan to insure that the title is free from reasonable doubt as to who the true owner is; free from the probable claims of others.

Real estate professionals should advise their clients that the insurance issued at closing is for the benefit of the lender not the homeowner. A separate policy would be required to be purchased for the homeowner.

title search

the process of verifying the ownership of real estate.

Title theory

The mortgagor actually gives legal title to the mortgagee and retains equitable title.


Title VIII of the Civil Rights Act of 1968

Protections against discrimination against classes of race, color, religion, or nation origin. Federal prosecution was also added when threats, force, or violence was used against a protected class or persons seeking to help those individuals. Title VIII is commonly known as the Fair Housing Act.


Torrens system

system for the registration of real estate which requires the issuance of "certificate of title" by the government that conclusively establishes the property’s ownership. It is available in only a handful of states – Georgia being one of them – however, it is rarely used.


Page: (Previous)   1  ...  42  43  44  45  46  47  48  49  50  51  52  (Next)
  ALL