-T-
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Tax Lien
-
lien imposed for non-payment
of taxes.
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Time
is of the Essence
-
legal phrase in a contract meaning that punctual performance
is required in meeting obligations.
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Title
-
a legal document designating ownership of a property.
-
Title Binder
-
written evidence of temporary title
insurance coverage.
-
Title Insurance
-
an insurance policy that protects the insured (purchaser
and/or lender) against loss arising from disputes over ownership.
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Treasury
Index
-
see index.
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Truth-in-Lending
-
a federal law that requires lenders to disclose, in writing,
the complete terms and conditions of a mortgage.
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Mortgage Glossary © Copyright 2004, 2008
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