CFR > Title 41 > Subtitle C > Chapter 102 > Subchapter C > Part 102-75 > Subpart C > Appraisal
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Terms Used In CFR > Title 41 > Subtitle C > Chapter 102 > Subchapter C > Part 102-75 > Subpart C > Appraisal
- Appraisal: A determination of property value.
- Contract: A legal written agreement that becomes binding when signed.
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Uphold: The decision of an appellate court not to reverse a lower court decision.