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Glossary: V-Z

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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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