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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.
6Categories 16551Terms
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Real estate > Contracts 
power of attorney
Law; Contracts
Written legal authority given by one party (the principal) to another (the agent or attorney-in-fact) to act on the principal's behalf. It may be a (1) General power Of attorney ...
pre-bid shopping
Law; Contracts
Negotiations by a buyer (a prime contractor) with sellers (trade contractors), to obtain lower prices for goods and services that are to be consumed in the performance of a ...
preemption right
Law; Contracts
1. Privilege granted in articles of association or bylaws of a firm under which the current stockholders (shareholders) are given the first option to buy a new issue of common ...
prepayment bond
Law; Contracts
Guaranty by a surety (usually a bank or insurance company) that any prepayment (such as for mobilization) made to a contractor will be secure.
prequalification
Law; Contracts
Preliminary stage in a bidding process where it is determined if an applicant has the requisite resources and experience to complete the job as required.
prequalification of bidders
Law; Contracts
Screening of potential contractors, suppliers, or vendors (on the basis of factors such as experience, financial ability, managerial ability, reputation, work history, etc.) to ...
price agreement
Law; Contracts
An agreement between a supplier and business customer regarding the pricing of a specific commodity. Unlike a quote that may expire or be changed at any time, an agreement is ...
Sub-categories
- Commercial (226)
- Contracts (13098)
- Corporate (746)
- Home improvement (1576)
- Mortgage (522)
- Residential (169)