Glossary

Property Law and Conveyancing Glossary

There are 9 entries in this glossary.

Term	Definition
Immovable Property	Land and everything that is permanently attached to it. Afrikaans - Onroerende Eiendom
Initiation Fee	A once-off fee charged by the bank to offset the cost of opening the mortgage account. Afrikaans - Aanvangsgelde
Insolvent	A person who is unable to meet his debts or discharge liabilities.
Installment	The regular monthly amount that a borrower agrees to pay on an outstanding debt to a lender. Afrikaans - Paaiement
Interest	The fee charged for borrowing money. Afrikaans - Belangstelling
Interest Bearing Account	When attorneys and/or realtors hold money for clients it is deposited into separate Interest Bearing Accounts until these monies and interest accrued during this time have to be paid out to whom they are owed. Afrikaans - Rentedraende Rekening
Interest Rates	The percentage of a loan that a financial institution charges which is payable monthly. Afrikaans - Rentekoerse
Intestate estate	This is an estate: - Where the deceased died without leaving a will, or - Where he/she did leave a will but this will was not accepted by the Master, or - Where it was accepted by the Master but it failed for some for other reason.
Investor	A money source for a lender. Afrikaans - Beleggers