To give or hand down a property by will to a person.
A self-contained family dwelling on two floors (levels) having its own internal stairs.
Life Estate (noun)
The conveyance of title to property for the duration of the life of the grantee. In legal terms, it is an estate in real property that ends at death, when ownership of the property may revert to the original owner or pass to another person.
A procedure whereby a property pledged as collateral for a debt is sold to pay the debt in the event of a default in payment terms.
An estimation of a property’s worth by a valuer or an appraiser who is usually presumed to be an expert in this work.