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Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Real estate > Contracts

back to back guarantee

Law; Contracts

Alternative term for back to back credit.

able

Law; Contracts

Party capable of meeting its obligation(s) under a contract, as in the phrase "ready, willing, and able."

about

Law; Contracts

Not very exact. In commercial documents, 'about' is taken to mean a difference (tolerance) not more or less than 10 percent of the stipulated amount, quantity, or unit price. See ...

absolute assignment

Law; Contracts

Assignment in which all (and not merely a portion of) benefits, liabilities, and/or rights are transferred by one party to another, without any pre-condition. See also collateral ...

abusive draw

Law; Contracts

Cashing of a bond or guarantee by its obligee although no breach of the underlying agreement or contract has been committed by the obligor.

accord and satisfaction

Law; Contracts

Agreement between two parties to a contract, in which one party (which has a legal claim against the other) releases the other party from its obligations in return for some form ...

acceptance

Law; Contracts

1. Agreements: Granting of an unqualified consent (whether express or implied) to the terms of a contract by the involved parties. When an offer is received, it is either accepted ...