Definitions Of Key Real Estate Terms K
This article provides the definitions of key estate terms beginning with the letter K.
Keogh Plan
is a federal tax law designed to encourage self employed individuals to set money aside for retirement years y allowing them to put pretax dollars into a trust account.
Key Lot
is a lot that has added value because of its strategic location.
Kiting
is an illegal practice of writing a check against insufficient funds that takes advantage of the float, the time between when a check is written and deposited in one bank and when it is presented for collection at another bank.
Knock-Down
is to assign a sale to a bidder at a property auction by a knock down or blow of the auctioneer’s hammer, or by any audible or visible announcement signifying to the bidder that they have the winning bid and is entitled to the property.
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