WORDS, PHRASES & DEFINITIONS
Look for words, Phrases & Definitions in Alphabetical Order:
I/C - Individual/Corporation. An in-plant index of matters affecting persons or companies which cannot be entered on Lot Books because no specific properties are mentioned.
Idem Sonans - The doctrine that if two names may be sounded alike any variance in spelling is immaterial.
Id Est. - That is commonly abbreviated "i.e."
In Essee - Alive; in being.
Improved Real Estate - Land upon which buildings have been erected.
In Personam - Against the person.
In Propria Persona - In his/her own person; himself, herself. Abbreviated to "pro per."
In Re - In the matter of.
In Rem - Against property.
Inchoate - Incomplete; not perfected.
Incompetent - A person deemed by law incapable of managing his/her property.
Incorporeal - Intangible; without physical existence.
Indemnity - Compensation given for a loss sustained.
Indemnity Agreement - An agreement relieving a person of an obligation to compensate for a potential loss. A hold harmless agreement.
Indenture - A deed or other document executed by both parties.
Inheritance Tax - A tax imposed upon the privilege of succeeding to the title of a decedent.
Installment Land Sales Contract - An agreement entered into for the sale and purchase of property under which purchase price is paid in installments.
Instrument - A formal, legal, written document.
Insurable Interest - A sufficient interest in property that loss of it or damage to it would entail financial loss to the owner.
Intangible - Incorporeal; not of material or physical existence.
Inter Alia - Among other things.
Interest - A share of, or a right to, or a concern in something of Value; also, a premium paid for the use of money.
Interim Loan - A short term loan under circumstances anticipating a subsequent long term loan.
Interlocutory Decree - A decree made pending final outcome of the cause prior to final hearing on the merits.
Intestate - Without a will; also, a decedent who left no will.
Intra - Within.
Inure - To serve to the use or benefit.
Involuntary Lien - A lien created by operation of law.
Ipso Facto - Of itself; by the very fact.
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