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Dictionary Conveyancing Terms

Property Law and Conveyancing Glossary of Terms

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Term Definition
Net Assets

What you own. Movable and immovable property plus investments such as shares; and all other belongings less total liabilities such as loans bonds etc.

Net Income

The borrower's gross income minus tax and other deductions. Afrikaans - Netto Inkomste

Nominee

The person nominated or appointed by another person for a specific purpose. Afrikaans - Genomineerde

Null and Void

A legal expression, meaning a final cancellation or lapse of an agreement without any legal effect.