Glossary of Terms – T
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
Tax shelter:
The tax write-off possible through the depreciation benefits available on investment real estate ownership.
Title:
Generally, the evidence of right that a person has to the possession of property.
Title insurance:
This insurance covers the purchaser or vendor, in case of any defects in the property or title, that existed at the time of sale, but was not known until after the sale.
Trust account:
The separate account in which a lawyer or real estate broker holds funds until the real estate closing takes place or other legal disbursement is made.Trust funds:
Funds held in trust, either held as a deposit for the purchase of real property or to pay taxes and insurance.
