Marginal Land
Land that has poor income potential, usually used in an agricultural sense meaning that the land is untellable, has poor access, is extremely steep, has suffered serious erosion, is extremely small or irregular, or is located at too high of an altitude to grow crops. Marginal land has a lower market valuation than high quality farm land. For example, property located in New England often is marginal land since it is extremely rocky and experiences harsh winters. Crops raised on this property are often marginally profitable.
Popular Real Estate Terms
Another residence in addition to the main residence where a person or family resides. An example is a second home out of the city used on weekends and during vacations. Interest and real ...
A real estate contract whose terms have been completely satisfied. ...
Deed given by a trustee at a deed of trust foreclosure sale. ...
Complete estimated itemization of all costs in constructing a structure including site acquisition and preparation, material, and labor costs. A quantity survey is necessary for a ...
A horizontal beam connecting together two rafters supporting the roof. The collar beam is located at the point substantially higher than the wall plate connecting the rafters. The high ...
Tendency to go to the party or situation of the lowest level of opposition. ...
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The term action in personam is used mostly in legal proceedings because Roman law heavily influenced our judicial system. Many terms used in law have their roots in Roman law, not only this ...
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