Just Compensation
In condemnation the amount paid to the property owner. The theory is that in order to be "just", the property owner should be no richer or poorer than before the taking.
More Real Estate Definitons
Quarter RoundYardX-BracingDrawPatioARM'S LengthTrue TaxHotelRealtistQuadrangleDirect IndexQuarterDisclosuresHydrographPro-rata ShareKilowattJoint NoteMistakeWarranty DeedMineral RightsFloor PlanUsufructuaryEntityYieldKilogramWater RepellantDescriptionGapLandmarkNet IncomePublic ReportDepreciationObsolescenceAgentDuctsZoneCurtilageParishRandom ShinglesPublic RecordZoning VarianceOrdinate