Month: November 2020
LIBOR Index
LIBOR Index – David Reecher Stands for “London Interbank Offered Rate”, and is the average yield of interbank offered rates for one-year U.S. dollar-denominated deposits in the London marke... Read More Letter of Adequacy
Letter of Adequacy – David Reecher A letter (usually issued by a managing agent) found in the offering plan of a building converting to cooperative or condominium ownership affirming that the i... Read More Land Lease
Land Lease – David Reecher A land lease is a situation in which a building and other land improvement are rented for a term of years. At the end of the lease term, the right of possession... Read More Judgment Lien
Judgment Lien – David Reecher A judgment lien is a general lien resulting from a court decree.... Read More Joint Tenancy
Joint Tenancy Joint tenancy is a form of co-ownership that includes the right of survivorship.... Read More Involuntary Alienation
Involuntary Alienation – David Reecher Involuntary alienation is the transfer of title to real property as a result of a lien foreclosure sale, adverse possession, filing a petition in bankrupt... Read More 