Glossary
Property Law and Conveyancing Glossary
Glossaries
Term | Definition |
---|---|
Immovable Property | Land and everything that is permanently attached to it. Afrikaans - Onroerende Eiendom |
Initiation Fee | |
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 |