Your Source for New Jersey and Nationwide Title and Escrow Services - 1-888-TITLE-NJ (848-5365)
Skip Navigation Links
Home
Contact Us: Send Us an Email
Office Locations
Our ServicesExpand Our Services
Order a Title Search
CalculatorsExpand Calculators
Recording Fees, Forms & Rate InformationExpand Recording Fees, Forms & Rate Information
1031 Exchange ServicesExpand 1031 Exchange Services
Newsletters and PublicationsExpand Newsletters and Publications
Links to Useful Web Sites
Technology Resources - Web SitesExpand Technology Resources - Web Sites
Terms and PhrasesExpand Terms and Phrases
Fidelity International & Other LanguagesExpand Fidelity International & Other Languages
About UsExpand About Us
AccoladesExpand Accolades
Notable Transactions
Title Insurance Terms & Phrases

Terms and Phrases is Chicago Title's Glossary of definitions, meanings, and descriptions of significance for some of our industry's most often used terms and phrases.

Sale and Leaseback
A transaction in which a grantee in a deed leases the same property back to the grantor without a change in its possession.
Sales Contract
An agreement entered into for the sale and purchase of property.
Sans
Without.
Satisfaction
The performance of the terms of an obligation.
Scilicet
To-wit, that is to say; namely, abbreviated as "ss."
Seal
An impression on a document lending authenticity to its execution.
Searcher
A title company employee who assembles the links required to complete a chain of title to real property.
Section
A measure of land one square mile containing 640 acres.
Security
Collateral; property pledged or hypothecated to secure performance of an obligation.
Security Deposit
Deposit of money made to assure performance of an obligation.
Seisin
The possession of land under a claim of freehold.
Seriatim
In succession.
Servient Tenement
The estate burdened by an easement.
Servitude
A right in another’s property in the nature of an easement.
Settlor
One who creates a trust.
Severalty Ownership
Ownership of property by one person sole ownership.
Sheriff’s Deed
Conveyance of title to a debtor’s property as a consequence of an execution sale.
Sine Qua Non
Without which not. An indispensable requisite.
Situs
The location of property.
Slander of Title
False unjustified statements regarding another person’s title to property.
Soldiers’ and Sailors’ Civil Relief Act
Federal law designed to protect members of the armed forces from loss of property in satisfaction of obligations incurred before entry into the service. [See also California’s Military Reservist Relief Act of 1991].
Special Assessments
Charges imposed upon real property especially benefited by a local public improvement.
Specific Performance Action
A form of action seeking the execution of documentation relating to real property.
Stare Decisis
The legal doctrine that past decisions of courts stand as precedents for future decisions.
Statement of Information
A brief statement of facts relied on by title insurers to assist in the proper identification of persons.
Status
The legal position of an individual; i.e., adult, minor, etc.
Statute of Frauds
A series of statutes designed for the purpose of preventing fraud. For example, in order to be enforceable, an agreement for sale of real property must be in writing.
Statute of Limitations
A series of statutes designed to render unenforceable stale claims and rights.
Stirps
Stock, race, family. The person from whom a family descends.
Stop Notice
A notice given a construction lender by an unpaid contributor to a work of improvement for the purpose of intercepting loan funds.
Straight Note
A promissory note calling for payment of principal in one sum rather than in installments.
Subdivision
The division of a tract of land into separate parcels.
Subject To
The recognition of an existing lien or encumbrance but not assuming personal liability therefor.
Sublease
A lease executed by a tenant for a term less than the leasehold.
Subordinate
To make inferior in priority.
Subordination Agreement
An agreement changing the priority of interests.
Subrogate
To substitute one person in place of another with reference to an obligation.
Substitution
The appointment of a person to act in the place and stead of another.
Summons
A court’s direction to the sheriff to inform a defendant that an action has been filed against him/her.
Surety
One who guarantees the performance of an obligation by another.
Survey
A process of measuring a parcel of land and ascertaining its area and boundaries.
Syndicate
A pooling arrangement or association of persons investing in real property by buying shares in an organization.
Copyright © 2017 Chicago Title Insurance Company. All Rights Reserved. Privacy Policy    |     Contact Webmaster