(1) A quarter section of a circle. (2) One of the quarters created by two intersecting roads or streets.

An ownership interest in real property that is not absolute. See: Defeasible Title; Fee Tail.

The party that facilitates the exchange of property to meet the requirements of IRS Code Section 1031. To be “qualified” the party must not be related to the taxpayer and have no interest in the property. Section 1031 sets out the full requirements. The party is also commonly called an Accommodator or Facilitator.

Also called “price take-off” method. A process of arriving at an estimate of new construction costs by a detailed estimate of quantities of necessary building materials plus labor costs.

See: Quarter Section.

A molding which, in cross-section, resembles a quarter circle.

One quarter of a section. A quarter section (commonly called a quarter) contains 160 acres.

To abate, annul, overthrow, vacate, void.

Similar to but intrinsically different.

A contract created by operation of law where no actual contract exists. The purpose is to avoid unfairness and create a remedy for the injured party.

A wharf used for loading or unloading ships.

Question as to what actually happened. Determined by physical evidence and decided by a jury in a jury trial.

Given the facts, what laws, if any, are applicable; decided by a judge, even in a jury trial.

See: Liquid Assets.

See: Covenant of Quiet Enjoyment.

See: Action To Quiet Title.

Final disposition of a claim or debt.

A deed operating as a release; intended to pass any title, interest, or claim which the grantor may have in the property, but not containing any warranty of a valid interest or title in the grantor.

See: Coign, Coigne.

A method of investing in real estate in a group, with certain tax advantages. Federal and state statutes dictate procedure.