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Emancipation: The point at which a minor
comes of age. The age is typically 18 or 21.
Encumbered: When a lien, mortgage or other
restraint is placed against a property.
Entrepreneurial Profit: A market - derived
figure that represents the amount an entrepreneur expects to
receive in addition to costs; the difference between total cost
and market value.
Equitable Distribution: The fair, but not
necessarily equal, division between former spouses of property
acquired during the marriage.
Equitable Division: A system of dividing
property acquired by spouses during their marriage in connection
with a divorce proceeding.
Equity: The net proceeds from the sale of a
home, minus the fees of the solicitor and the real estate agent
and the satisfying of the mortgage.
Estate: A right or interest in property or
the property of a deceased person.
Evaluation: A study of the nature, quality,
or unity of a parcel of real estate or interests in, or aspects
of, real property, in which a value estimate is not necessarily
required.
Evidence: Documents, testimony or other
informational material offered to the court to prove or disprove
allegations in the pleadings.
Ex-Parte: Court relief that is granted due
to the absence of opposing party.
Executed: Carried out according to the
terms of an agreement.
Exhibit: An item of evidence presented to
the court.
Expectancy: Future proceeds from an estate.
Expert Witnesses: A professional used to
help a judge reach a decision. Experts can include: Appraisers,
Counselors, Evaluators, and Accountants.