Glossary

a b c d e f g h i j k l m n o p q r s t u v w x y z

earnest money

A deposit made by a buyer as evidence of good faith in offering to purchase real estate and to secure performance of the contract.

easement

A right to use another person's real estate for a specific purpose, such as for ingress or egress, utility lines.

easement by prescription

A right to use property, acquired by a long history of open and notorious use.

egress

A way or method of exit off of property.

eminent domain

The power of the government to take private property for public use through condemnation.

encroachment

A fixture, or structure, such as a wall or fence, which is placed or sits, upon a portion of an adjoining property belonging to another.

encumbrance

A liability, claim, restriction or lien attached to, and binding, on real property.

endorsement

Amendment to a title insurance policy to change or alter the standard language in the Policy, Amendments can provide additional coverage or limit coverage to the insured.

equity

The difference in dollars between a property's value and the debt secured by the property.

escrow

An Agreement wherein money or a written instrument such as a deed that, by agreement between two parties, is held by a neutral third party (held in escrow) until all conditions of the agreement are met.

exception

As used in the conveyance of real estate, an exception is the exclusion of some part of the property conveyed, with title of that excepted part remaining with the grantor.

These terms and their presence on this site are not intended as, nor should they be used as, legal advice. You should always obtain advice from a licensed attorney for all legal matters.