Purchase - Law Dictionary Search Results
warrant
anticipation of revenue b : an instrument issued by a corporation giving to the holder the right to purchase the capital stock of the corporation at a stated price either prior to a stipulated date or at
closing costs
estate transfer taxes. A common estimate of a Buyer's closing costs is 2 to 4 percent of the purchase price of the home. A common estimate for Seller's closing costs is 3 to 9 percent. Source: U.S.
debt
is allowed for bad debts. consumer debt : debt that is incurred by an individual primarily for the purchase of consumer goods or services compare consumer credit judgment debt : a debt established by a judgment and
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cover
does not "Cosden Oil & Chemical Co. v. Karl O. Helm AG, 736 F.2d 1064 (1984)"] n : purchase of goods in substitution for those originally contracted for when the seller fails to fulfill the contract [the
counter offer
counter offer a rejection to all or part of a purchase offer that negotiates different terms to reach an acceptable sales contract. Source: U.S. Department of Housing and Urban
cooperative (co-op)
cooperative (co-op) residents purchase stock in a cooperative corporation that owns a structure; each stockholder is then entitled to live in a
conversion
owner of personal property in the form of legal title to the property that secures payment of the purchase price. The purchaser is deemed to be the holder of equitable title in and owner of the real
consumer credit
consumer credit : credit extended by merchants or banks to finance the purchase of consumer goods (as home appliances) or services (as travel or hotel accommodations) compare consumer debt at debt
closing
us at the ] NOTE: At the closing for the completion of the sale of real property, the purchase price is paid and title is transferred to the purchaser or mortgagor.
down payment
down payment the portion of a home's purchase price that is paid in cash and is not part of the mortgage loan. This amount varies based
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