Real estate

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

passive contract

Law; Contracts

Contract that comes into force (is executed) without any (or just one) party signing it. For example, the contract not to copy and sell a copyrighted book (or software) is ...

payment advice note

Law; Contracts

A note sent to a vendor or buyer that outlines the methods of payment that will be accepted. For example, a customer who subscribes to a free trial copy of a magazine may receive ...

past practices

Law; Contracts

1. Established practices sanctioned by common acceptance and use. Even if not included in an agreement, past practices are understood to be its integral part and are enforced like ...

payment bond

Law; Contracts

Deposit or guaranty (usually 20 percent of the bid amount) submitted by a successful bidder as a surety that (upon contract completion) all sums owed by it to its employees, ...

payout period

Law; Contracts

During which benefits are received under an agreement.

pecuniary liability

Law; Contracts

Legal obligation of an entity to compensate for loss or improper application of funds that results from the entity's failure to properly discharge assigned responsibilities.