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Misrepresentation is a false or misleading statement, or a material omission that renders other statements misleading, made with the intent to deceive or induce reliance.

The mitigation of damages doctrine, also known as the doctrine of avoidable consequences, prevents an injured party from recovering damages that could have been avoided through reasonable efforts.

MLS stands for multiple listing service. See the page on multiple listing service for more information.

[Last reviewed in July of 2021 by the Wex Definitions Team]

Moiety refers to half of something. The term was generally used to refer to one-half interest in real estate, but is rarely used today. It is derived from an old French word “moitié,” meaning half. 

A money order is a prepaid negotiable instrument that can be purchased from entities such as banks and post offices, as well as some stores or other businesses. The purchase price is the dollar amount of the money order, as well as an issuing fee that can vary based on the dollar amount or where the order is purchased. Generally, money orders cannot exceed a specified dollar amount. For payments that exceed that amount, multiple money orders must be purchased.

Month-to-month means a renewable term of one month. The term “month-to-month” is  normally used in the context of tenancies and it refers to a tenancy in which the tenant pays monthly rent and there is no fixed-term lease.

A month-to-month tenancy is a periodic tenancy that does not have an expiration date and thus runs for an indefinite time.