real rate
An interest rate that has been adjusted for inflation over time.
moderate castigavit (mod-[schwa]-ray-tee kas-t[schwa]-gay-vit). [Latin “he moderately chastised”] Hist. A plea justifying a trespass because it is really a chastisement that the defendant is legally entitled to inflict on the plaintiff because of their relationship.
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estates of the realm. 1. The lords spiritual, the lords temporal, and the commons of Great Britain. — Also termed the three estates. 2. In feudal Europe, the clergy, nobles, and commons. • Because the lords spiritual had no separate assembly or negative in their political capacity, some authorities reduce the estates in Great Britain
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single-asset real estate. Bankruptcy. A single piece of real property (apart from residential property with fewer than four residential units) that a debtor operates for business purposes, that provides the debtor with substantially all his or her gross income, and that carries aggregate, liquidated, noncontingent secured debts of $4 million or less. 11 USCA §
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real-estate syndicate. A group of investors who pool their money for the buying and selling of real property. • Most real-estate syndicates operate as limited partnerships or real-estate investment trusts.
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rate, n. 1. Proportional or relative value; the proportion by which quantity or value is adjusted (rate of inflation). 2. An amount paid or charged for a good or service (the rate for a business-class fare is $550). class rate. A single rate applying to the transportation of several articles of the same general character.
onera realia (on-[schwa]r-[schwa] ree-ay-lee-[schwa]). [Law Latin] Scots law. Real burdens. “Onera realia … are burdens or encumbrances affecting land, and exigible from it. They are distinguished from personal burdens, which only affect and are exigible from the person upon whom they lie. A single example may illustrate the nature of both. It is a common
mill rate. A tax applied to real property whereby each mill represents $1 of tax assessment per $1,000 of the property’s assessed value (the mill rate for taxes in this county is 10 mills, so for a home valued at $100,000, the owner will pay $1,000 in property taxes). — Also termed millage rate. [Cases:
A utility rate set so low by the government that the utility company cannot realize a reasonable return on its investment. [Cases: Public Utilities 129. C.J.S. Public Utilities §§ 35, 38–41, 57.]
land-use regulation. An ordinance or other legislative enactment governing the development or use of real estate. — Also spelled landuse regulation. [Cases: Zoning and Planning 1. C.J.S. Zoning and Land Planning §§ 2, 5–7, 17–18.] “Public regulation of the use and development of land comes in a variety of forms which generally focus on four
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