Glossary of Terms
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| VALUATION | |
| Estimated worth or price. The act of ascertaining how much specific real property is worth. | |
| VENDOR | |
| A seller of real property. | |
| VOID | |
| Of no legal effect. A nullity. | |
| VOIDABLE | |
| Where one party to a contract is entitled to rescind the contract at his option. | |