Title which is free from defects which would allow a purchaser to be released
from his obligation to purchase.
An appraisal term denoting the highest price that a buyer, willing but
not compelled to buy, would pay, and the lowest a seller, willing but
not compelled to sell, would accept.
A lien on real estate which secures the payment of debts due to persons
who perform labor or services or furnish materials incident to the construction
of buildings and improvement on real estate.
A legal document used to secure the performance of an obligation.