Defect Of Record
A public record outlining any encumbrance on a piece of property, such as a lien, mortgage or easement. An encumbrance refers to a claim or restriction on a certain property that can prevent the transfer of the title.
Because the defect of record is available to the public, potential homeowners should check to see if the property they are looking has any outstanding debt or legal claims on it. A homeowner may also want to view the defect of record to see if it is clear, especially if the homeowner wants to place the property on the market.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
defect — de·fect / dē ˌfekt, di fekt/ n: something or a lack of something that results in incompleteness, inadequacy, or imperfection: as a: a flaw in something (as a product) esp. that creates an unreasonable risk of harm in its normal use see also… … Law dictionary
Defect Designer — Origin Novosibirsk, Russia Genres Technical Death Metal Years active 2006 Labels My Kingdom Music, Italy Forces Of Satan, Norway … Wikipedia
defect — I (New American Roget s College Thesaurus) n. blemish, fault, flaw, imperfection; deficiency, lack, incompleteness. v. i. desert, flee, abandon. See relinquishment, escape. II (Roget s IV) n. 1. [A lack of something needed] Syn. deficiency,… … English dictionary for students
latent defect — A defect not observable on casual inspection. A hidden defect in a structure, machine, or article of merchandise. A defect in an article constituting the subject matter of a sale, not discoverable on a reasonable examination of the property. 46… … Ballentine's law dictionary
latent defect — A hidden or concealed defect. One which could not be discovered by reasonable and customary observation or inspection; one not apparent on face of goods, product, document, etc. Defect of which owner has no knowledge, or which, in exercise of… … Black's law dictionary
searching record — The familiar rule that a demurrer or its equivalent in a motion searches the whole record, is carried back to the first substantial defect, and that judgment is to be given against the party who committed the first fault in pleading, for him who … Ballentine's law dictionary
SAP QM — is the quality management module of the SAP ERP software package from SAP AG. Quality manangement is integrated with other modules such as MM, PP, and SD. The QM module is comprised of the following components: quality planning, quality… … Wikipedia
DRE — Defect Removal Efficiency, a metric used by Quality Control departments of businesses Dr. Dre, American record producer and rapper Mac Dre, deceased American rapper. Digital rectal examination Doctor of Religious Education Direct Recording… … Wikipedia
Rhinoplasty — For the album by Primus, see Rhinoplasty (album). Rhinoplasty Intervention Rhinoplasty: The lower lateral cartilage (greater alar cartilage) exposed for plastic modification via the left nostril … Wikipedia
Life Sciences — ▪ 2009 Introduction Zoology In 2008 several zoological studies provided new insights into how species life history traits (such as the timing of reproduction or the length of life of adult individuals) are derived in part as responses to… … Universalium