Real Estate Glossary

A lender who loans money based primarily on the values of an asset-accounts receivable, inventory, a place of equipment, real estate--rather than on the financial strength of the business, which is the primary criterion for banks.

A transfer between parties of title to any property, real or personal, or of any rights or estates in the property. Common assignments include leases, mortgages and deeds of trust.

Legal procedure to aid in the collection of a debt. Usually the court issues a writ to seize the property of a debtor and holds it pending the outcome of a lawsuit, keeping the property available for sale to pay any money judgement entered in such lawsuit.

To turn over or transfer to another money or goods. To agree to recognize a new owner of a property and to pay him rent. See also "Letter of Attornment."