Glossary TC 1 Flashcards
1
Q
Abstract of Title
A
A history of the title to a piece of land which lists all the conveyances, transfers, liabilities, covenants against or burden upon the land and other facts pertinent
2
Q
Accrue
A
To add to
3
Q
Action
A
A judicial proceeding to enforce or protect a right.
4
Q
As valorem
A
A legal term meaning “at value”.
5
Q
Affidavit
A
A voluntary declaration or statement of facts, written or printed and sworn to by the person making it before an officer authorized to administer oaths
6
Q
Arrears
A
An overdue debt or liability
7
Q
Assessment
A
The valuation of property in order to levy a tax on it, according to its value or in relation to the benefit received from it
