Letter E Vocab Flashcards
This term is used to describe a type of insurance that brokers and brokerage firms carry to protect them against losses incurred from agents’ actions or inactions.
E&O Insurance
This term is used to describe the income derived from your daily working activities.
Earned Income
This term is used to describe money used to confirm acceptance of a contract.
Earnest Money Deposit
This term is used to describe a type of encumbrance on a contract that is a right to use or to cross over someone else’s property for a specified purpose, like an ingress
or egress.
Easements
FYI: Ingress and Egress are vital rights for entry and exit to personal property.
This term is used to describe Reclaimed treated waste water.
Effluent
This term is used to describe how a minor, why by getting married, becoming financially independent or legally granted powers by a court becomes an adult.
Emancipation
This term is used to describe items that came from the crop and are now personal property. These are considered personal property and the tenant who cultivated the land is entitled to the harvest. If the tenant dies before the harvest, the right to harvest the crops will pass to his or her heirs even if the heirs have not been physically occupying the land.
Emblements
This term is used to describe the right of the government to take privately owned land for the good of the people with compensation owed to the owner.
Eminent Domain
This term is used to describe you perform services that can
be controlled by an employee.
Employer
This term is used to describe the power given to the states to
pass legislations.
Enabling Acts
This term is used to describe a type of nuisance, an intrusion on a person’s territory, property or individual rights.
Encroachment
This term is used to describe an impediment or a type of hindrance that ‘COULD’ lessen the value of a property OR Burden or other impediment on title.
Encumbrance
This term is used to define a contract has all components and is binding on all parties in a court of law. This makes a contract _________.
Enforceable
This term is used to describe that the owner has the right to enjoy the property and all it’s fruits.
Enjoyment
This term is used to describe the process of earth being worn
away by fluid or wind.
Erosion
This term is used to describe property reverting back to the state when an individual dies without a will or heirs.
Escheat
This term is used to describe a third party that holds a bank account for the borrower in the interest of the lender that has a neutral non-interested position in the sale.
Escrow Agent
This term is used to describe that the lease owners have a holdover after expiration of lease. This occurs when a tenant continues to live in a rental property after their lease has expired.
Estate at Sufferance
This term is used to describe a lease where tenant is allowed to stay for an indefinite time.
Estate at Will
This term is used to describe a lease that has a fixed term and
can be for months or even years.
Estate for Years
This term is used to describe an estate that upon the death of life tenant, in this contract clause the property will revert to a 3rd party.
Estate in Remainder
This term is used to describe a life estate that ends upon the death of the life tenant and reverts back to grantor or the grantors heirs.
Estate in Reversion
This term in French is used to describe a life estate that is based upon the life of someone else.
Estate Por Autre Vie
This term is used to describe the degree, quantity and nature of one’s interest in land.
Estate
This term is used to describe when the impression is made that there is a type of agency. An agency of this type is a legal term used to refer to a situation when someone gives the impression to legally act on behalf of someone else. In this context, the agent is not truly authorized to act on behalf of the principal.
Estoppel Agency
This term is used to describe the right to exclude others from
using the land.
Exclusion
This term is used to describe that contracts that are signed, completed, valid, enforceable, and all promises have been kept.
Fully Executed Contract
This term is used to describe contracts that are in process, not yet completed.
Executory Contracts
This term is used to describe a relationship is created through an agreement in which the agent and the principal agree to enter into an agency relationship which means the agent will represent the principal.
Express Agency
This term is used to describe an exchange of promises either orally or in writing.
Express Contract
