Real Estate Terms V

Real Estate Terms Glossary

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Variable Interest Rate: An interest rate that fluctuates with the current cost of money; subject to adjustment if the prevailing rate moves up or down.
Vendee: See Agreement of Sale.

Vendor: See Agreement of Sale.

Vendor's Lien: An implied lien given by law to a vendor for the remaining unpaid and unsecured part of a purchase price.

Venue: Neighborhood; often used to refer to the county or place in which an acknowledgment is made before a notary; also refers to the county in which a lawsuit may be filed or tried.

Vesting: The names, status and manner in which title of ownership is held with a fixed or determinable interest in a particular parcel of real property; also that portion of a title report or policy setting forth the above.

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