Glossary

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Results for V:

Variable Interest Rate::

An interest rate that fluctuates with the current cost of money; subject to adjustment if the prevailing rate moves up or down.


Vendee::

See Agreement of Sale.


Vendor::

See Agreement of Sale.


Vendor's Lien::

An implied lien given by law to a vendor for the remaining unpaid and unsecured part of a purchase price.


Venue::

Neighborhood; often used to refer to the county or place in which an acknowledgment is made before a notary; also refers to the county in which a lawsuit may be filed or tried.


Vesting::

The names, status and manner in which title of ownership is held with a fixed or determinable interest in a particular parcel of real property; also that portion of a title report or policy setting forth the above.


 

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