Glossary

Property Law and Conveyancing Glossary

There are 4 entries in this glossary.
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Glossaries

Term Definition
Underwriting

The decision whether to make a loan to a potential home buyer based on credit employment assets and other factors and the matching of this risk to an appropriate rate and term or loan amount. Afrikaans - Onderskrywing

Unrehabilitated insolvent

A person who still has limited contractual capacity after having been declared insolvent by a competent court

Usufruct

A personal servitude to use and enjoy someone else's movable or immovable property and the fruits of the property for a limited time, provided the servient property itself is not substantially changed

Usus

The limited real right (personal servitude) to use someone else's movable or immovable property and the fruits of the property only for the needs of the holder and his/her family for a limited time, provided the servient property itself is not substantially changed (more limited than usufruct)

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