Legal glossary category
Property/Contract Law
Browse 7 glossary entries in the Property/Contract Law category, with short plain-English descriptions and direct links to the full term pages.
purchase
Imagine 'purchase' as deciding to buy something important, like a house or a valuable item.
Open term →real
Imagine 'real' as something that actually exists and can be touched or proven; it means something is genuinely there, not just an idea.
Open term →seller
The person or entity that owns something and decides to sell it to someone else.
Open term →share
Imagine 'share' as deciding how much of a pie gets to be taken by different people.
Open term →sold
Imagine you have something valuable (like a house or a piece of land), and 'sold' means someone officially agrees to buy it and gives you the paper...
Open term →transfer
Imagine 'transfer' as moving something important, like transferring your favorite toy from your house to a friend's house.
Open term →transferee
Imagine someone who gets to take over something that another person already owns.
Open term →