Dictionary Conveyancing Terms
Property Law and Conveyancing Glossary of Terms
| Term | Definition |
|---|---|
| Net Assets | What you own. Movable and Land and everything that is permanently attached to it. Afrikaans - Onroerende Eiendom ">immovable property plus investments such as shares; and all other belongings less total A person's long-term and short-term financial obligations. Afrikaans - Aanspreeklikheid ">liabilities such as A sum of borrowed money (principal) that is generally repaid with interest. Afrikaans - Lening ">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. |
