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Although there is growing evidence that peer review is possibly the most accurate method of appraisal, it is not widely used by organizations.
Nonnegotiable Document
A legal or official document whose terms and conditions cannot be altered or bargained over.
Good-Faith Purchaser
A buyer who purchases property without knowledge of any claims, liens, or encumbrances on the property.
Good Title
Legal terminology indicating that a property is owned free and clear of any liens, encumbrances, or legal questions concerning the ownership.
Stolen Vehicle
An automobile that has been taken without the owner's consent, typically involving theft.
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