Encumbrance

Business / Real Estate / Encumbrance: Any claim, lien, charge or liability attached to and binding on real property that may lessen its value or burden, obstruct or impair the use of a property but not necessarily prevent transfer of title, a right or interest in a property held by one who is not the legal owner of the property.

Other Words for Encumbrance

Encumbrance Verb Synonyms: weight, burden, onus, cross (to bear), albatross, millstone, handicap, impediment, hindrance, obstacle, obstruction, liability, disadvantage, drag
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Covenant Against Encumbrances

Business / Real Estate / Covenant Against Encumbrances: The grantor warrants that the property is free from liens or encumbrances, except for any specifically stated in the deed. Encumbrances generally include mortgages, mechanics liens and easements. If t MORE

Cloud On Title

Business / Finance / Cloud On Title: Applies to derivative products. Buy or sell transaction that eliminates an existing position (selling a long option or buying back a short option). Antithesis of opening transaction. MORE

Title Insurance

Business / Real Estate / Title Insurance: A comprehensive indemnity contract under which a title insurance company warrants to make good a loss arising through defects in title to real estate or any liens or encumbrances thereon. Unlike other MORE

Warranty Deed

Business / Real Estate / Warranty Deed: A deed in which the grantor fully warrants good clear title to the premises, also called a general warranty deed. The usual covenants of title are covenant of seisin (possession), covenant of quiet en MORE

Foreclosure

Business / Finance / Foreclosure: Financial forecasting is the process of estimating future financial performance. The projected financial performance of a business is measured by using pro-forma financial statements as well as other MORE

Defect Of Record

Business / Real Estate / Defect Of Record: Any encumbrance on a title that is made a part of the public record. Recorded defects include judgments, deeds of trust, mortgages, other liens and easements. MORE

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