An estate in land where ownership is subject to a contingency or condition. Once the condition has been met, the estate may become absolute. …
Quorum
The minimum number of members of an organization, shareholders, directors, etc., who must be present at a meeting in order for decisions to be legally valid. …
X-bracing
In terms of building construction, X-bracing refers to a system of bracing (supports) used in a building's structure to resist forces that may cause it to tilt or lean. This type of bracing, usually …
Yield on Cost
It is the annual dividend rate of a security divided by the average cost basis of the investments. It shows the dividend yield of the original investment. If the number of shares owned by the investor …
Yield Curve
This is a graph that plots the yields of similar-quality bonds against their maturities, ranging from shortest to longest. …
Yellow Water
This term refers to a situation in which a water source for a property is polluted or tainted, rendering it unfit for consumption. …