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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

restrictive specification

Law; Contracts

Unique or non-standard specification that eliminates the possibility of competitive bidding for a commodity, good, or service.

retainage

Law; Contracts

Portion of a contract's final payment withheld by a principal (client or owner) until the project is complete in all respects, functioning satisfactorily according to the contract ...

retention bond

Law; Contracts

Type of performance bond that protects the customer after a job or project is finished. It guarantees that the contractor will carry out all necessary work to correct structural ...

retention clause

Law; Contracts

Provision in a contract that allows a customer to withhold a portion of the contract price until the determination that the project or goods meet the predetermined or standard ...

retroactive pricing

Law; Contracts

In contractual arrangements, pricing that reflects a contractor's performance and/or new cost data, and is computed after a certain portion or all of the contract work has been ...

revocable

Law; Contracts

Having the ability to be rescinded or withdrawn.

revocable living trust

Law; Contracts

An agreement expressing how an individual's property will be distributed and managed during their lifetime and after their death. The trust generally involves the grantor who ...