Real; substantial ; existing presently in act having a valid objective existence as opposed to that which is merely theoretical or possible. Something real, in opposition to constructive or speculative; […]

Oral agreement that counts as a contract. Refer to apparent authority .

The fair or reasonable cash price for which the property could be sold in the market, in the ordinary course of business , and not at forced sale ; the […]

Homeowners insurance that allows insurer to deduct depreciation from replacement cots when paying a claim. Refer to market value policy .

In statutes of frauds. An open, visible, and unequivocal change of possession, manifested by the usual outward signs, as distinguished from a merely formal or constructive change . Randall v. […]

The actual price paid for goods by a party, in the case of a real bona fulc purchase, and not the market value of the goods. Alfonso v. United States […]

The actual incurred costs for work performed . This is measured over a period of time. It is labor, materials, direct costs, and overhead just to name a few factors.

A contract that uses cost incurred and recorded to performing work during a period of time.

are real, substantial and just damages, or the amount awarded to a complainant in compensation for his actual and real loss or injury, as opposed on the one hand to […]

The removal or a tenant from a property through legal channels.

The amount of CREDIT RISK exposure in a DERIVATIVE or financial transaction , typically reflected as a MARKTOMARKET valuation. If DEFAULT occurs when actual exposure is positive to the nondefaulting […]

The date a project finishes. AKA finish date. It is the exact opposite of projected finish date.

Understanding a fact as true that would lead to further investigation .

Loss in a transaction due to inflation, costs, and scrap value of an object. Refer to actual total loss.

The notice handed to a party in person. They are presumed to have recieved it by their actions and knowledge.

Having physical control of an object or real property .

The physical parts of a product like brand name, design, features, quality, and style.

Lands are “actually sold” at a tax sale, so as to entitle the treasurer to the statutory fees, when the sale is completed ; when he has collected from the […]

A date when a project is started. It has the day, month, and year in it to be specific for records. When delays occur it is earlier or later. AKA […]

The value realized between a point in the past, present, and future.

Loss of property incurred when its destroyed, damaged beyond use, or is stolen. No notice of abandonment is required. AKA total loss. Refer to abandonment and constrictive total loss.

How many times a person spends their money in a period of time.

The value of imported physical goods based on the value of a similar good. It is declared for customs.

An assault with actual violence is an assault with physical force put in action, exerted upon the person assailed. The term violence is synonymous with physical force, and the two […]

A physical commodity or financial instrument . Physical items are delivered to the buyer before expiration dates. AKA cash commodity or physicals.