Also known as a recognition test, a readership test entails asking a random sample of readers of they read a specific advertisement that was included in a particular issue of […]
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READINESS
Readiness is the state of being prepared though people, systems and organizations to meet a situation and carry out the proper sequence of actions. It is based on thorough planning […]
READING GRADE LEVEL (RGL)
Number assigned to the level of how complex reading material is. It equals a level of schooling. For instance, level of seven means the reading material is suited for a […]
READING-IN
In English ecclesiastical law . The title of a person admitted to a rectory or other benefice will be divested unless within two months after actual possession he publicly read […]
READJUSTMENT INCOME
Income essential for the family of a deceased primary wage earner. This income allows the surviving family members time to readjust their spending habits to accommodate their new level of […]
READY, WILLING, AND ABLE
Ready, willing, and able defines persons who are legally and financially able to complete any type of transaction . Authorization and approval are not necessary from any other persons or […]
REAFFORESTED
Where a deafforest – ed forest is again made a forest 20 Car. II. c. 3.
REAL
In common law . Relating to land, as distinguished from personal property . This term is applied to lands, tenements, and hereditaments . In the civil law . Relating to […]
REAL ACCOUNTS
Reserve, liability, capital accounts and assets, which will appear on a balance sheet . Real account balances will not be cancelled at the period end but are instead carried over […]
REAL ACTION
At the common law. One brought for the specific recovery of lands, tenements, or hereditaments . Steph. PI. 3; Crocker v. Black. 10 Mass. 448; Hall v. Decker, 48 Me. […]
REAL ASSET
Real assets are tangible assets such as valuable antiques, artwork, buildings coins, machines, stamp collections, etc., as opposed to items that are financial assets including debentures, shares, bonds and so […]
REAL ASSETS
Lands or real estate in the hands of an heir, chargeable with the pavment of the debts of the ancestor. 2 I!l. Comm. 244, 302.
REAL CHATTELS
Such as concern, or savor of, the realty, such as leasehold estates; interests issuing out of. or annexed to, real estate ; such chattel interests as devolve after the manner […]
REAL CONTRACT
the term given to an agreement that concerns real estate such a s a contract for land.
REAL ESTATE
Real estate includes the land and anything fixed, immovable, or permanently attached to it such as buildings, walls, fixtures, improvements , roads, trees, shrubs, fences, roads, sewers, structures, and utility […]
REAL ESTATE AGENT
A real estate agent is an individual licensed to negotiate and transact land and real estate sales for a commission. Most real estate agents work for a broker or realtor.
REAL ESTATE BROKER
A real estate broker has met the education requirements and qualifies for their own business. They may hire other agents from whom they will earn a commission from sales volumes.
REAL ESTATE BUBBLE
The real estate bubble is distinguished by property values quickly increasing until they outperform other elements of the economy. They are then followed by a sharp decline in property value.
REAL ESTATE INVESTING
Real estate bought purposely to earn an income versus using the residence as a primary place of residence. A real estate investor will purchase buildings with the intent to rent.
REAL ESTATE INVESTMENT TRUST
a trust that is formed by a group of people who are investing money to buy and sell real estate .
REAL ESTATE INVESTMENT TRUST (REIT)
An investment company that raises profits through real estate investments. There is no federal tax on this transaction . It is created as an equity or mortgate trust and is […]
REAL ESTATE INVESTOR
Investor who assesses the real estate market and purchases property with the intention of earning money. Real estate investors can purchase residential or commercial property , depending on their specific […]
REAL ESTATE LIMITED PARTNERSHIP (RELP)
Focus is on investing in a variety of vehicles. Profit is obtained through the lease and sale of properties. Limited partners do not have any management control and the least […]
REAL ESTATE MORTGAGE INVESTMENT CONDUIT (REMIC)
When funds raised from investors is used to buy foreclosed assets. It gives investors undivided interest in the asset.
REAL ESTATE OWNED (REO)
Property owned by the bank after an unsuccessful foreclosure auction or sale. These properties are owned by the bank after a borrower defaults on the loan and the property is […]