
Glossary
V
Vendee - A person
who buys property; another word for "Purchaser".
Vendor - A person
who transfers property by sale; another word for "Seller".
W
Warranties –
Promises contained in a contract. For example, a Seller may warranty that a
property sold is structurally sound.
Warranty Deed - A
deed that conveys or transfers title from one party to another with
covenants assuring that the title transferred is free from all encumbrances.
Waste - See "Commit
Waste".
Y
Yield - The rate of
return on an investment. For example, if one invests $100 and receives $15
after the first year, one's yield is 15% on the invested cash for the first
year.

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