property & real estate law

satisfaction of mortgage

A satisfaction of mortgage is a document that proves the borrower has paid off the mortgage in full, freeing the loan's lien on the property and giving the title to the borrower. The facts of the mortgage loan, conditions relieving the lender...

secured debt

A creditor's claim that is secured by a lien of some type in a debtor's property either by the debtor's own agreement or involuntarily with a court judgment or taxes.

Some examples include mortgages, equity lines of credit, and vehicle and...

security

Security: An Overview

Security refers to a broad type of investments with risks that are regulated under securities law. Securities exist in numerous forms including: notes, stocks, treasury stocks, bonds, and certificates of interest or...

security interest

Interest in someone else's property, created by contract or by law. A mortgage is one type of security interest created by contract. A garnishment is one type of security interest created by law.

See Collateral and Secured transaction.

seised

See: seized.

[Last updated in August of 2021 by the Wex Definitions Team]

seisin

A legal concept from early English property law that continues to influence certain concepts in the modern law of real property and is thus helpful and, at times, essential to understanding this area of the law. In brief, the term refers to the...

seized

In a legal context, seized may be used to refer to a situation in which the government has taken forcible possession of the property, as in seized property. For instance, the US Department of Treasury makes auctions of seized property for...

seizin

See seisin.

[Last updated in April of 2021 by the Wex Definitions Team]

self-proving will

Self-proving will is a regular will that fulfills certain requirements that allow the will to be validated without going through probate court. In all states but the District of Columbia, Maryland, Ohio, and Vermont, a person can create a...

separate property

Separate property is property that is owned by one spouse and not the other. There are two categories of marital property; community property, and separate property. Community property is when spouses share all property equally. However, even...

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