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NULL & VOID Having no legal force or effect; of no worth; unenforceable; not binding. MARGINAL LAND Land which is of little value because of some deficiency, such as poor access, lack of adequate rainfall, or steep terrain. PERSONAL PROPERTY Things which are tangible and moveable; property which is not classified as real property; chattels; personalty. INTEREST Charge paid for borrowing money, calculated as a percentage of the remaining balance of the amount borrowed. CHAIN OF TITLE The recorded history of matters which affect the title to a specific parcel of real property, such as ownership, encumbrances and liens, usually beginning with the original recorded source of the title. |
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