by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate finance, Discount refers to selling a promissory note before its maturity date for less than its outstanding principal balance. This typically occurs when a note holder wants to receive cash immediately rather than wait for future payments, and the...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Devisor is a person who transfers or disposes of real property through a valid will. The devisor is the property owner who makes the will and specifies how their real estate is to be distributed upon their death. The devisor retains full ownership...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Devisee is the person or entity that receives title to real property through a valid will. The devisee is named by the deceased property owner (the testator) and becomes entitled to the property upon the testator’s death, subject to the probate...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, Devise refers to the transfer of real property through a valid will upon the death of the property owner. When a person dies testate (with a will), the real estate specified in the will is devised to the named beneficiary, known as the devisee,...
by Ethan Atkinson | Feb 4, 2026 | A-E, PropertyPedia, Real Estate
In real estate, a Determinable Fee (often called a fee simple determinable) is a type of defeasible estate in which ownership automatically ends if a specified condition or event occurs. The estate is typically created using conditional language such as “so long as,”...
