The first letter of one’s first (maybe middle) and last name. May be used as a signature when indicated, and usually used to indicate agreement to a change, correction, addition, deletion, or other alteration of a document. Modernly, stricter laws regarding validity of initials and marks to replace a signature have been enacted.

An order by a court preventing one from acting or restraining one from continuing some action.

See: Parquet Floor.

All bodies of water exclusive of the open sea.

A narrow waterway extending inland.

Describing assets not readily convertible to cash.

A term of no exact meaning but having the connotation of a low economic, high crime area of a large city, rather than merely the geographic central area of a city.

A defense created by the Superfund Amendments and Reauthorization Act of 1986 (SARA). One who acquires contaminated property may avoid liability for cleanup by showing that he/she did not know, nor should not have known, of the contamination. The depth of inquiry required by the landowner before acquisition has not yet been completely established.

Another term for one who purchases in good faith, or a bona fide purchaser. The innocent part refers to no prior knowledge (actual or constructive) of an unrecorded interest in the property, such as a prior sale to a third party or a loan secured by the property. The for value part refers to a valuable consideration paid by said purchaser for the property.

An item on a consumer’s credit report showing that there has been a request for a copy of that person’s credit report. An excessive number of inquiries may lower the person’s FICO SCORE.

Not a corner lot.

See: Interior Trim.

Generally applied to a person, corporation, bank, etc., when there is an inability to pay debts as they become due or within a reasonable time thereafter.

Incapable of meeting one’s current debts.

An examination of property for various reasons, such as a termite inspection, inspection to see if required repairs were made before funds are released, etc.

The periodic payments, usually monthly, made by a borrower.

A method of purchasing by installment (usually monthly) payments. When referring to real property, it is usually called a land contract.

See: Land Contract.

A note calling for payment of both principal and interest in specified amounts, or specified minimum amounts, at specific intervals.

See: Interest Extra Note.

See: Interest Included Note.