Examlex
Ad valorem property taxes depend on two factors:
the assessed valuation of the property being taxed and the tax rate.
Book
A written or printed work consisting of pages glued or sewn together along one side and bound in covers.
Debt
Money owed by one party, the debtor, to another, the creditor, typically arising from a loan or credit agreement.
Incidental Beneficiary
A person or entity who unintentionally gains a benefit from a contract between two other parties, though the contract was not specifically intended for their benefit.
Contractual Rights
Legal entitlements derived from agreements between parties that are enforceable by law.
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