Abscond
To Abscond is to run away from the law. To make yourself absent in an attempt to avoid the legal process.
Absconding Debtor
An Absconding Debtor is a person who owes money to another person and he runs away from his creditors or goes into hiding so he cannot be found.
Absentee Landlord
An Absentee Landlord is a property owner that rents or leaves their property vacant. They have not abandoned it. This individual is considered an absentee owner.
Absolute Conveyance
Absolute Conveyance is a deed transferring the title of property from one person to another without any conditions.
Absolute Dirvorce
An Absolute Dirvorce is a divorce that is total and final where the husband and wife return to being single.
Absolute Discharge
Absolute Discharge means that no further action will be taken against the offender. The offender still has a criminal record, but the court will take no action against them.
Absolute Guarantee
Absolute Guarantee an agreement where the borrower guarantees absolutely that the repayments will be made on the loan or the contract where one party absolutely agrees to pay due monies.
Absolute Liability
Liability that is determined to be against the public good or negiligent on behalf of a company or parties action. Any party that is assigned absolute liability may have to pay damages to effected parties.
Absolute Owner
The only owner of property such as equipment, buildings, land or vehicles.
Absolute Title
A title that is acquired by the proprietor. This absolute title is free from any complications such as judgments or liens. It is the only title required for selling a property or getting a mortgage. It is often called a perfect title.