Glossary of terms used on this site
There are 62 entries in this glossary.| Term | Definition |
|---|---|
| Fair Market Value |
The price a property would sell for on the open market. |
| Federal Court |
The court system which handles civil and criminal cases based on jurisdictions enumerated in the Constitution and federal statutes. They include federal district courts which are trial courts, district courts of appeals and the U.S. Supreme Court, as well as specialized courts such as
|
| Free & Clear |
Ownership of property free of all indebtedness. |
