§ 401 When interests are valued under this article
§ 402 Interest rate
§ 403 Mortality and other tables
§ 404 Evidence as to ancestry, health and habits of individual In all valuations made under this article, no significance shall be given to the…
§ 405 Interest defeasible by remarriage
§ 406 Computation by superintendent of financial services

Terms Used In New York Laws > Real Property Actions and Proceedings > Article 4 - Valuing Interests In Real Property

  • Continuance: Putting off of a hearing ot trial until a later time.
  • Dependent: A person dependent for support upon 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.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.