GLOSSARY E-M

EARNEST MONEY PERMITS EITHER PARTY TO RECEDE FROM A CONTRACT TO SELL, BUT THE BUYER WHO CHOOSES TO RECEDE FROM THE CONTRACT FORFEITS THE EARNEST MONEY AND THE SELLER WHO CHOOSES TO RECEDE FROM THE CONTRACT MUST RETURN DOUBLE THE EARNEST MONEY

IN COMMON LAW A RIGHT OF WAY AFFORDED A PERSON TO MAKE LIMITED USE OF ANOTHERS REAL PROPERTY IN LOUISIANA A SERVITUDE

THE ACT OF CONFERRING SOME OR ALL OF THE EFFECTS OF MAJORITY ON A MINOR

AN ESTATE THAT HAS NO ACCESS TO A PUBLIC ROAD

TO BURDEN WITH A CLAIM SUCH AS A MORTGAGE PRIVLEGE OR LIEN; A BURDEN OR CHARGE IMPOSED UPON PROPERTY BY LAW OR CONVENTIONAL OBLIGATION OR CONTRACT, SUCH AS A PRIVILEGE OR MORTGAGE

A SIGNATURE THAT EITHER SERVES TO TRANSFER THE LEGAL RIGHTS TO A NEGOTIABLE INSTRUMENT TO ANOTHER PARTY OR ACTS AS A PRIVILEGE OR MORTGAGE

PROPERTY USUALLY MONEY IN THE CUSTODY OF A THIRD PARTY FOR DELIVERY TO ANOTHER ONLY AFTER THE FULFILLMENT OF THE CONDITIONS SPECIFIED

THE PROPERTY, RIGHTS,AND OBLIGATIONS THAT A PERSON LEAVES AFTER HIS DEATH, AND INCLUDES ALSO ALL THAT HAS ACCRUED THERETO SINCE DEATH

AND THAT WHICH FOLLOWS IN LATIN

A CONTRACT BY WHICH PARTIES TO THE CONTRACT TRANSFER PROPERTY WHICH IS NOT MONEY TO ONE ANOTHER

A SUCCESSION REP DESIGNATED IN A WILL TO ADMISTER AN ESTATE

A PROCEEDING IN COURT IN WHICH THE HOLDER OF A MORTGAGE CONTAINING A CONFESSION OF JUDGEMENT MAY OBTAIN AN EX PARTE SEIZURE AND SALE OF THE MORTGAGED PROPERTY WITHOUT THE ORDINARY DELAYS REQUIRED BY LAW

ANOTHER TERM FOR A FEMALE EXECUTOR

CLEARLY AND DISTINCTLY STATED IN PRECISE TERM

THE PRICE OF AN OBJECT AGREED UPON BY WILLING SELLER AND A WILLING BUYER

COMMON LAW TERM REFERRING TO OWNERSHIP OF IMMOVABLE PROPERTY WITHOUT ANY CONDITIONS UPON THE POWER AND AUTHORITY TO ALIENATE ENCUMBER OR TRANSFER BY INHERITANCE; ANALOGOUS TO FULL OWNERSHIP

A PERSON ENTRUSTED WITH THE PROPERTY OF ANOTHER PARTY AND IN WHOSE BEST INTREST THE FIDUCIARY IS EXPECTED TO ACT WHEN HOLDING INVESTING OR OTHERWISE USING THAT PERSONS PROPERTY

THE CONDITION OR FACT OF BEING THE CHILD OF A PARTICULAR PARENT

DESCENDANTS OF THE FIRST DEGREE WHO AT THE TIME OF DEATH OF THE DECENDENT ARE 23 YEARS OF ARE OR UNDER OR OF ANY AGE WHO BC OF MENTAL INCAPABLE OF TAKING CARE OF HIS PERSON OR TO ADMINISTER HIS ESTATE AT THE PARENTS DEATH

THAT PORTION OF A DECENDENTS ESTATE THAT THE LAW RESERVES TO HIM BY RIGHT CALLED THE LEGITIME UNLESS THE DECENDENT HAS JUST CAUSE TO DISINHERIT HIM

THINGS PRODUCED BY OR DERIVED FROM ANOTHER THING WITHOUT DIMINUTION OF ITS SUBSTANCE SUCH AS PRODUCTS OF THE EARTH IN THE CASE OF NATURAL FRUITS AND RENTS OR INTREST IN THE CASE OF CIVIL FRUITS

IN GENERAL A PARTY IS IN GOOD FAITH IF HE HAS NO KNOWLEDGE OF OR HAS NO REASONABLE BASIS FOR QUESTIONING THE VALIDITY OF A TRANSACTION

IN THE COMMON LAW ONE WHO IS LEGALLY RESPONSIBLE FOR THE CARE AND MANAGEMENT OF THE PERSON OR PROPERTY OF AN INCOMPETENT OR A MINOR

A PERSONAL SERVITUDE GRANTED TO A NATURAL PERSON TO SWELL IN THE HOUSE OF ANOTHER

TRANSFERABLE: CAPABLE OF TRANSFERRING BY VOLUNTARY ACTION OR BY SUCCESSION; NOT STRICTLY PERSONAL

AN EXEMPTION FROM LIABILITY THAT PREVENTS CREDITORS FROM OBTAINING SATISFACTION FROM IMMOVABLE PROPERTY WHICH THE DEBTOR RESIDES IN AS HIS PRIMARY DOMICILE

TO PLEDGE AS COLLATERAL FOR A DEBT WITHOUT TRANSFERRING POSSESSION

THOSE WHO ARE CONCEIVED AND BORN OUTSIDE OF MARRIAGE

AN ACT EXECUTED BEFORE A NOTARY BY A PARTY DECLARING THAT HE IS THE OWNER OF A CERTAIN IMMOVABLE PEOPERTY AND CERTAIN MOVABLE PROPERTY IN WHICH HE DECLARES SAID MOVABLE TO BE PERMANENTLY AFFIXED TO THE IMMOVABLE PROPERTY AND IMMOBILIZED AND THAT THE MOVABLE SHALL REMAIN PERMANENTLY ATTACHED TO THE LAND AND BE A PART HEREOF UNDER THE PROVISIONS OF LA RS 911494

REAL PROPERTY REAL ESTATE

AS AN UNDIVIDED WHOLE RATHER THAN SEPARATELY LATIN FOR IN A MASS

LATIN FOR IN WHOLE COMPLTELY AS A WHOLE

PROPERTY THAT DOESNT HAVE A MATERIAL FORM SUCH AS A RIGHT OR DEBT

BELOW

BETWEEN LIVING PERSONS A DONATION BETWEEN LIVING PERSONS IS CALLED AN INTER VIVOS DONATION

A PERSON ABOVE THE AGE OF MAJORITY WHO IS DECLARED BY A COURT TO BE INCAPABLE OF EITHER CARING FOR HIS OWN PERSON OR ADMINISTERING HIS ESTATE OR BOTH ALTHOUGH HE MAY AT TIMES APPEAR TO HAVE POSSESION OF HIS REASON

JUDICIAL PROCEEDING WHEREBY A CURATOR IS APPOINTED FOR AN ADULT OR EMANCIPATED MINOR WHO DUE TO INFIRMITY IS UNABLE TO MAKE REASONED DECISIONS REGARDING HIS PERSON OR PROPERTY OR BOTH

RELATING TO INVOLVING OR PROVIDING AN INTERPRETATION OR EXPLANTATION OF SOMETHING

ONE WHO HAS DIED WITHOUT A WILL

A WRITTEN LIST OR CATALOG OF THE PROPERTY OF A PERSON OR SUCCESSION THAT IS MADE BY UNDER OATH AND THAT USUALLY DESCRIBES AND ASSIGNS A VALUE TO EACH ITEM OF PROPERTY

A DETERMINATION OF A COURT OF LAW; A JUDICIAL DECISION

A MORTGAGE WHICH RESULTS FROM FILING A JUDGEMENT IN THE MORTGAGE RECORDS OF THE PARISH WHERE PROPERTY OF THE DEBTOR IS LOCATED

THE CLAUSE SWORN TO AND SUBSCRIBED BEFORE ME NOTARY PUBLIC AT PLACE ON DATE AND SIGNED BY THE NOTARY CERTIFYING THAT THE STATEMENTS CONTAINED IN A WRITING WERE SWORN TO BEFORE AN AUTHORIZED OFFICER SUCH AS A NOTARY

AN ENTITY TO WHICH THE LAW ATTRIBUTES LEGAL PERSONALITY SUCH AS A CORPORATION

LIMITED LIABILITY COMPANY

LIMITED LIABILITY PARTNERSHIP

A PRIVILEGE GRANTED BY LAW TO PROTECT WORKMEN FOR THE PAY,MENT OF THE LABOR PERFORMED BY THEM

LESSOR OF PROPERTY

AGREEMENT BY ONE PARTY TO LET ANOTHER PERSON USE A THING FOR A FIXED PRICE AND TERM

A MORTGAGE ARISING BY OPERATION OF LAW

ONE WHO IS NAMED IN A WILL TO TAKE PERSONAL PROPERTY ON EWHO HAS RECIEVED A LEGACY OR BEQUEST A TESTATE SUCCESSOR

THE BARRING OF ACTIONS AS A RESULT OF INACTION FOR A CERTAIN PERIOD OF TIMEQ

A LEGAL CLAIM; A PRIVILEGE

OF LEGAL AGE; 18 YEARS OF AGE IS THE LEGAL AGE IN LA

THER PERSON WHO ORIGINATES A NOTE OR OTHER NEGOTIABLE INSTRUMENT WUCH AS A CHECK

THAT PORTION OF A DECEASED ESTATE WHICH THE SURVIVING SPOUSE IS ENTITLED TO CLAIM WHEN THE SPOUSE DIES RICH IN COMPARISON WITH THE SURVIVING SPOUSE

ONE WHO IS AUTORIZED TO ACT FOR A REPRESENT ANOTHER USUALLY IN BUSINESS MATTERS WHOSE AUTHORITY MAY BE EXPRESS OR IMPLIED A REP. REFERRED BYA AGENT

TRANSACTION IN WHICH A PERSON CONFERS AUTHORITY ON ANOTHER PERSON TO ACT FOR THE PRINCIPAL A POWER OF ATTORNEY

A PRIVILEGE GRANTED BY LAW TO PROTECT THE SUPPLIER OF MATERIALS FOR THE PAYMENT OF THE MATERIALS FURNISHED

A CONTRACT MADE BY A COUPLE INTENDING TO MARRY OR BY A MARRIED COUPLE FOR THE PURPOSE OF ESTABLISHING A SEPERATE PROPERTY REGIME OR MODIFYING THE LEGAL REGIME

THE TIME FIXED FOR PAYMENT OF A LOAN OR OBLIGATION

A METRIC UNIT OF MEASUREMENT OF LENGTH SLIGHTLY LONGER THAN THE ENGLISH MEASUREMENT OF A YARD

BOUNDARY OF REAL ESTATE DESCRIBED BY LINEAR MEASUREMENTS FROM ONE POINT TO ANOTHER

THOSE PRECIOUS METALS OR OIL AND GAS ETC LOCATED ON OR BENEATH IMMOVABLE PROPERTY

A PERSON UNDER 18 YEARS OF AGE WHO HAS NOT BEEN EMANCIPATED

A GRANTING OF A PRIVILEGE OR LIEN ON A MOVABLE OR IMMOVABLE WHICH DOES NOT TRANSFER POSSESSION TO THE CREDITIOR

RECORDS IN WHICH THE PARISH CLERK OF COURT RECORDS INSTRUMENTS ENCUMBERING IMMOVABLE PROPERTY

THE PERSON IN WHOSE FAVOR A MORTGAGE IS GRANTED

THER PERSON WHO GRANTS THE MORTGAGE

IN CONTEMPLATION OF DEATH REFERS TO A DONATION GIVEN IN COMTEMPLATION OF DEATH A TESTAMENT OR WILL

ANYTHING THAT THE LAW DOESNT DETERMINE TO BE IMMOVABLE