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| Term |
|
Description |
|
| Imply |
|
To involve or indicate by inference, association, or necessary consequence rather than by
direct statement. |
|
| Income Property |
|
Property which produces income from rentals. Also, profits attributable to real estate other than
rent. |
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| Incompetent |
|
not legally qualified
inadequate to or unsuitable for a particular purpose
lacking the qualities needed for effective action
unable to function properly
|
|
| Injunction |
|
A writ granted by a court of equity whereby one is required to do or to refrain from doing a
specified act. |
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| Installment Note |
|
A promisory note which provides that payments of a certain sum or amount be paid on the
dates specified in the instrument. |
|
| Instrument |
|
A legal document in writing to create, alter, modify or terminate a right. |
|
| Interest Rate |
|
The percentage usually on an annual basis that is paid for the use of money borrowed
from another. |
|
| Investment |
|
Process of exchanging income for an asset that is expected to produce earnings at a later
time. |
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| Involuntary Conveyance |
|
An instrument by which title to property is conveyed such as a sheriff's deed; tax deed; an
instrument against the will of the owner. |
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| Involuntary Lien |
|
A lien imposed against property without consent of owner. Examples: taxes, assessments,
federal income tax liens, judgments, etc. |
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