Business / Real Estate / Fee Simple Defeasible: An estate in land in which the holder has a fee simple title subject to being divested upon the happening of a specified condition, also called a qualified fee or a defeasible fee. There are two categories of fee defeasible estates--fee simple determinable and fee simple subject to a condition subsequent. The term fee simple determinable implies that the duration of the estate can be determined from the deed itself. This is not true of a fee simple subject to a condition subsequent, in which case the estates duration depends on the grantors independent choice of whether to terminate the estate.
Fee Verb Synonyms: charge, price, cost, fare, bill, tariff, toll, damage(s)
Fee Noun Synonyms: pay, payment, emolument, compensation, recompense, honorarium, remuneration, rate, wage(s), stipend, salary
Simple Verb Synonyms: uncomplicated, plain, uninvolved, unsophisticated, understandable, intelligible, (easily) understood, comprehensible, clear, lucid, straightforward, easy, elementary, basic
Simple Adjective Synonyms: unsophisticated, naive, slow, slow-witted, stupid, thick, thickheaded, simple-minded, feeble-minded, oafish, bovine, dense, obtuse, dull, dull-witted, witless, halfwitted, brainless, backward, imbecilic or imbecile, cretinous, dumb, mo
Business / Real Estate / Fee Simple Subject To A Condition Subsequent: A fee simple subject to a condition subsequent is an estate conveyed provided that, on the condition that or if it is used for a specific purpose. If it is no longer used for that purpose, it reverts MORE
Business / Loan / Processing Fee: A fee charged by lenders or brokers to prepare a complete loan application file. A processing fee may be charged to the borrower and shown on the Settlement Statement (HUD-1). MORE