GLOSSARY E-M

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Author:
Anonymous
ID:
106896
Filename:
GLOSSARY E-M
Updated:
2011-10-06 11:19:14
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NOTARY
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NOTARY
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  1. EARNEST MONEY PERMITS EITHER PARTY TO RECEDE FROM A CONTRACT TO SELL, BUT THE BUYER WHO CHOOSES TO RECEDE FROM THE CONTRACT FORFEITS THE EARNEST MONEY AND THE SELLER WHO CHOOSES TO RECEDE FROM THE CONTRACT MUST RETURN DOUBLE THE EARNEST MONEY
    EARNEST MONEY
  2. IN COMMON LAW A RIGHT OF WAY AFFORDED A PERSON TO MAKE LIMITED USE OF ANOTHERS REAL PROPERTY IN LOUISIANA A SERVITUDE
    EASEMENT
  3. THE ACT OF CONFERRING SOME OR ALL OF THE EFFECTS OF MAJORITY ON A MINOR
    EMANCIPATION
  4. AN ESTATE THAT HAS NO ACCESS TO A PUBLIC ROAD
    ENCLOSED ESTATE
  5. TO BURDEN WITH A CLAIM SUCH AS A MORTGAGE PRIVLEGE OR LIEN; A BURDEN OR CHARGE IMPOSED UPON PROPERTY BY LAW OR CONVENTIONAL OBLIGATION OR CONTRACT, SUCH AS A PRIVILEGE OR MORTGAGE
    ENCUMBER; ENCUMBERANCE
  6. A SIGNATURE THAT EITHER SERVES TO TRANSFER THE LEGAL RIGHTS TO A NEGOTIABLE INSTRUMENT TO ANOTHER PARTY OR ACTS AS A PRIVILEGE OR MORTGAGE
    ENDORSEMENT
  7. PROPERTY USUALLY MONEY IN THE CUSTODY OF A THIRD PARTY FOR DELIVERY TO ANOTHER ONLY AFTER THE FULFILLMENT OF THE CONDITIONS SPECIFIED
    ESCROW
  8. THE PROPERTY, RIGHTS,AND OBLIGATIONS THAT A PERSON LEAVES AFTER HIS DEATH, AND INCLUDES ALSO ALL THAT HAS ACCRUED THERETO SINCE DEATH
    ESTATE
  9. AND THAT WHICH FOLLOWS IN LATIN
    ET SEQ
  10. A CONTRACT BY WHICH PARTIES TO THE CONTRACT TRANSFER PROPERTY WHICH IS NOT MONEY TO ONE ANOTHER
    EXCHANGE
  11. A SUCCESSION REP DESIGNATED IN A WILL TO ADMISTER AN ESTATE
    EXECUTOR
  12. A PROCEEDING IN COURT IN WHICH THE HOLDER OF A MORTGAGE CONTAINING A CONFESSION OF JUDGEMENT MAY OBTAIN AN EX PARTE SEIZURE AND SALE OF THE MORTGAGED PROPERTY WITHOUT THE ORDINARY DELAYS REQUIRED BY LAW
    EXECUTORY PROCESS
  13. ANOTHER TERM FOR A FEMALE EXECUTOR
    EXECUTRIX
  14. CLEARLY AND DISTINCTLY STATED IN PRECISE TERM
    EXPRESS
  15. THE PRICE OF AN OBJECT AGREED UPON BY WILLING SELLER AND A WILLING BUYER
    FAIR MARKET VALUE
  16. COMMON LAW TERM REFERRING TO OWNERSHIP OF IMMOVABLE PROPERTY WITHOUT ANY CONDITIONS UPON THE POWER AND AUTHORITY TO ALIENATE ENCUMBER OR TRANSFER BY INHERITANCE; ANALOGOUS TO FULL OWNERSHIP
    FEE SIMPLE TITLE
  17. A PERSON ENTRUSTED WITH THE PROPERTY OF ANOTHER PARTY AND IN WHOSE BEST INTREST THE FIDUCIARY IS EXPECTED TO ACT WHEN HOLDING INVESTING OR OTHERWISE USING THAT PERSONS PROPERTY
    FIDUCIARY
  18. THE CONDITION OR FACT OF BEING THE CHILD OF A PARTICULAR PARENT
    FILIATION
  19. DESCENDANTS OF THE FIRST DEGREE WHO AT THE TIME OF DEATH OF THE DECENDENT ARE 23 YEARS OF ARE OR UNDER OR OF ANY AGE WHO BC OF MENTAL INCAPABLE OF TAKING CARE OF HIS PERSON OR TO ADMINISTER HIS ESTATE AT THE PARENTS DEATH
    FORCED HEIR
  20. THAT PORTION OF A DECENDENTS ESTATE THAT THE LAW RESERVES TO HIM BY RIGHT CALLED THE LEGITIME UNLESS THE DECENDENT HAS JUST CAUSE TO DISINHERIT HIM
    FORTUITOUS EVENT
  21. THINGS PRODUCED BY OR DERIVED FROM ANOTHER THING WITHOUT DIMINUTION OF ITS SUBSTANCE SUCH AS PRODUCTS OF THE EARTH IN THE CASE OF NATURAL FRUITS AND RENTS OR INTREST IN THE CASE OF CIVIL FRUITS
    FRUITS
  22. IN GENERAL A PARTY IS IN GOOD FAITH IF HE HAS NO KNOWLEDGE OF OR HAS NO REASONABLE BASIS FOR QUESTIONING THE VALIDITY OF A TRANSACTION
    GOOD FAITH
  23. IN THE COMMON LAW ONE WHO IS LEGALLY RESPONSIBLE FOR THE CARE AND MANAGEMENT OF THE PERSON OR PROPERTY OF AN INCOMPETENT OR A MINOR
    GUARDIAN
  24. A PERSONAL SERVITUDE GRANTED TO A NATURAL PERSON TO SWELL IN THE HOUSE OF ANOTHER
    HABITATION
  25. TRANSFERABLE: CAPABLE OF TRANSFERRING BY VOLUNTARY ACTION OR BY SUCCESSION; NOT STRICTLY PERSONAL
    HERITABLE
  26. AN EXEMPTION FROM LIABILITY THAT PREVENTS CREDITORS FROM OBTAINING SATISFACTION FROM IMMOVABLE PROPERTY WHICH THE DEBTOR RESIDES IN AS HIS PRIMARY DOMICILE
    HOMESTEAD EXEMPTION
  27. TO PLEDGE AS COLLATERAL FOR A DEBT WITHOUT TRANSFERRING POSSESSION
    HYPOTHECATE
  28. THOSE WHO ARE CONCEIVED AND BORN OUTSIDE OF MARRIAGE
    ILLEGITIMATE CHILDREN
  29. AN ACT EXECUTED BEFORE A NOTARY BY A PARTY DECLARING THAT HE IS THE OWNER OF A CERTAIN IMMOVABLE PEOPERTY AND CERTAIN MOVABLE PROPERTY IN WHICH HE DECLARES SAID MOVABLE TO BE PERMANENTLY AFFIXED TO THE IMMOVABLE PROPERTY AND IMMOBILIZED AND THAT THE MOVABLE SHALL REMAIN PERMANENTLY ATTACHED TO THE LAND AND BE A PART HEREOF UNDER THE PROVISIONS OF LA RS 911494
    IMMOBLIZATION
  30. REAL PROPERTY REAL ESTATE
    IMMOVABLE
  31. AS AN UNDIVIDED WHOLE RATHER THAN SEPARATELY LATIN FOR IN A MASS
    IN GLOBO
  32. LATIN FOR IN WHOLE COMPLTELY AS A WHOLE
    IN TOTO
  33. PROPERTY THAT DOESNT HAVE A MATERIAL FORM SUCH AS A RIGHT OR DEBT
    INCORPOREAL
  34. BELOW
    INFRA
  35. BETWEEN LIVING PERSONS A DONATION BETWEEN LIVING PERSONS IS CALLED AN INTER VIVOS DONATION
    INTER VIVOS
  36. A PERSON ABOVE THE AGE OF MAJORITY WHO IS DECLARED BY A COURT TO BE INCAPABLE OF EITHER CARING FOR HIS OWN PERSON OR ADMINISTERING HIS ESTATE OR BOTH ALTHOUGH HE MAY AT TIMES APPEAR TO HAVE POSSESION OF HIS REASON
    INTERDICT
  37. JUDICIAL PROCEEDING WHEREBY A CURATOR IS APPOINTED FOR AN ADULT OR EMANCIPATED MINOR WHO DUE TO INFIRMITY IS UNABLE TO MAKE REASONED DECISIONS REGARDING HIS PERSON OR PROPERTY OR BOTH
    INTERDICTION
  38. RELATING TO INVOLVING OR PROVIDING AN INTERPRETATION OR EXPLANTATION OF SOMETHING
    INTERPRETIVE
  39. ONE WHO HAS DIED WITHOUT A WILL
    INTESTATE
  40. A WRITTEN LIST OR CATALOG OF THE PROPERTY OF A PERSON OR SUCCESSION THAT IS MADE BY UNDER OATH AND THAT USUALLY DESCRIBES AND ASSIGNS A VALUE TO EACH ITEM OF PROPERTY
    INVENTORY
  41. A DETERMINATION OF A COURT OF LAW; A JUDICIAL DECISION
    JUDGEMENT
  42. A MORTGAGE WHICH RESULTS FROM FILING A JUDGEMENT IN THE MORTGAGE RECORDS OF THE PARISH WHERE PROPERTY OF THE DEBTOR IS LOCATED
    JUDICAL MORTGAGE
  43. THE CLAUSE SWORN TO AND SUBSCRIBED BEFORE ME NOTARY PUBLIC AT PLACE ON DATE AND SIGNED BY THE NOTARY CERTIFYING THAT THE STATEMENTS CONTAINED IN A WRITING WERE SWORN TO BEFORE AN AUTHORIZED OFFICER SUCH AS A NOTARY
    JURAT
  44. AN ENTITY TO WHICH THE LAW ATTRIBUTES LEGAL PERSONALITY SUCH AS A CORPORATION
    JURIDICAL PERSON
  45. LIMITED LIABILITY COMPANY
    L.L.C
  46. LIMITED LIABILITY PARTNERSHIP
    L.L.P.
  47. A PRIVILEGE GRANTED BY LAW TO PROTECT WORKMEN FOR THE PAY,MENT OF THE LABOR PERFORMED BY THEM
    LABORER'S PRIVILEGE OR LIEN
  48. LESSOR OF PROPERTY
    LANDLORD
  49. AGREEMENT BY ONE PARTY TO LET ANOTHER PERSON USE A THING FOR A FIXED PRICE AND TERM
    LEASE
  50. A MORTGAGE ARISING BY OPERATION OF LAW
    LEGAL MORTGAGE
  51. ONE WHO IS NAMED IN A WILL TO TAKE PERSONAL PROPERTY ON EWHO HAS RECIEVED A LEGACY OR BEQUEST A TESTATE SUCCESSOR
    LEGATEE
  52. THE BARRING OF ACTIONS AS A RESULT OF INACTION FOR A CERTAIN PERIOD OF TIMEQ
    LIBERATIVE PRESCRIPTION
  53. A LEGAL CLAIM; A PRIVILEGE
    LIEN
  54. OF LEGAL AGE; 18 YEARS OF AGE IS THE LEGAL AGE IN LA
    MAJOR
  55. THER PERSON WHO ORIGINATES A NOTE OR OTHER NEGOTIABLE INSTRUMENT WUCH AS A CHECK
    MAKER
  56. THAT PORTION OF A DECEASED ESTATE WHICH THE SURVIVING SPOUSE IS ENTITLED TO CLAIM WHEN THE SPOUSE DIES RICH IN COMPARISON WITH THE SURVIVING SPOUSE
    MARTIAL PORTIONS
  57. ONE WHO IS AUTORIZED TO ACT FOR A REPRESENT ANOTHER USUALLY IN BUSINESS MATTERS WHOSE AUTHORITY MAY BE EXPRESS OR IMPLIED A REP. REFERRED BYA AGENT
    MANDATARY
  58. TRANSACTION IN WHICH A PERSON CONFERS AUTHORITY ON ANOTHER PERSON TO ACT FOR THE PRINCIPAL A POWER OF ATTORNEY
    MANDATE
  59. A PRIVILEGE GRANTED BY LAW TO PROTECT THE SUPPLIER OF MATERIALS FOR THE PAYMENT OF THE MATERIALS FURNISHED
    MATERIALMAN'S PRIVILEGE OR LIEN
  60. A CONTRACT MADE BY A COUPLE INTENDING TO MARRY OR BY A MARRIED COUPLE FOR THE PURPOSE OF ESTABLISHING A SEPERATE PROPERTY REGIME OR MODIFYING THE LEGAL REGIME
    MATRIMONIAL AGREEMENT
  61. THE TIME FIXED FOR PAYMENT OF A LOAN OR OBLIGATION
    MATURITY
  62. A METRIC UNIT OF MEASUREMENT OF LENGTH SLIGHTLY LONGER THAN THE ENGLISH MEASUREMENT OF A YARD
    METER
  63. BOUNDARY OF REAL ESTATE DESCRIBED BY LINEAR MEASUREMENTS FROM ONE POINT TO ANOTHER
    METES AND BOUNDS
  64. THOSE PRECIOUS METALS OR OIL AND GAS ETC LOCATED ON OR BENEATH IMMOVABLE PROPERTY
    MINERALS
  65. A PERSON UNDER 18 YEARS OF AGE WHO HAS NOT BEEN EMANCIPATED
    MINOR
  66. A GRANTING OF A PRIVILEGE OR LIEN ON A MOVABLE OR IMMOVABLE WHICH DOES NOT TRANSFER POSSESSION TO THE CREDITIOR
    MORTGAGE
  67. RECORDS IN WHICH THE PARISH CLERK OF COURT RECORDS INSTRUMENTS ENCUMBERING IMMOVABLE PROPERTY
    MORTGAGE RECORDS
  68. THE PERSON IN WHOSE FAVOR A MORTGAGE IS GRANTED
    MORTGAGEE
  69. THER PERSON WHO GRANTS THE MORTGAGE
    MORTGAGOR
  70. IN CONTEMPLATION OF DEATH REFERS TO A DONATION GIVEN IN COMTEMPLATION OF DEATH A TESTAMENT OR WILL
    MORTIS CAUSA
  71. ANYTHING THAT THE LAW DOESNT DETERMINE TO BE IMMOVABLE
    MOVABLE

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