Real Estate Glossary
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Abatement of Judgment
A document containing a condensation of the essential provisions of a court judgment.
Abatement of Nuisance
The act of ending or terminating a nuisance; a type of legal action brought to end a nuisance.
Abstract of Judgment
A summary of money judgment. The summary is usually prepared so that it may be recorded thereby creating a (judgment) lien on real estate owned by the judgment debtor.
Abstract of Title
A summary of the instruments affecting title to a parcel of real property as shown by the public records.
To make a note all due and payable at one time.
An essential element of every contract it is the consent to be bound by the offer. In deeds it is the consent to accept a grant of real property.
The right of an owner to go into and out of his or her property.
A person who without receiving value signs a promissory note to help another person borrow money or get credit.
Accord And Satisfaction
The discharge of an existing contract by accepting the performance under a substitute contract. Generally consideration under the new contract is different from and of lesser value than under the original contract and satisfaction is the performance of that contract; the combination discharges the original contract.