Examlex
Because there are positive externalities from higher education,
Title Theory
A legal concept in real estate that posits that the mortgage lender holds the title to the property until the mortgage is fully paid off.
Mortgagor
The borrower in a mortgage loan agreement, who pledges property to the lender as security for the loan.
Eminent Domain
The power of the government to take private property for public use, with compensation to the owner.
Privately Owned Land
Land that is owned by individuals or entities other than the government, with the owners maintaining control and rights over the property.
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