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AccretionThe
addition to land
through natural forces like wind or water.
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Related Mortgage Definitions: Land Contract Land Contract A contract selling arrangement whereby the buyer may use and occupy land, but no deed is given by seller until the sales price has been paid. Also commonly called a conditional sales contract, installment sales contract or real property sales contract, used ... more... Survey Survey A measurement of land, diagram, prepared by a registered land surveyor, showing the location of the land, legal boundaries with reference to know points, its dimensions, and the location and dimensions of any buildings. ... more... Accretion Accretion The addition to land through natural forces like wind or water. Example : deposit of soil carried by a river . ... more... Mortgage Lender Mortgage Lender A company that lends money on the security of land, houses, and real estate. A mortgage lender is the institution that provides the money to the borrower at closing. The borrower in turn, will sign a note provided by the lender stating their debt, their obligation ... more... |
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