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| Term |
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Description |
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| Waive |
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To relinquish or abandon; to forego a right to enforce or require anything. |
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| Warranty Deed |
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A deed used to convey real property which contains warranties of title and quiet possession
and the grantor thus agrees to defend the premises against the lawful claims of third persons. (See
Also: Grant Deed, Deed) |
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| Wrap-Around Mortgage |
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A mortgage which is subordinate to, but yet includes the encumbrance or encumbrances to
which it is subordinated. (Also called the all-inclusive mortgage or
all inclusive trust deed.) |
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| Will |
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A legal declaration of a person's wishes regarding
the disposal of his or her property or estate after
death; especially: a written instrument legally executed
by which a person makes disposition of his or her estate
to take effect after death. |
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