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Glossary of Terms > E > EMINENT DOMAIN

EMINENT DOMAIN

The right of a government to take private property for public use upon payment of its fair market value. Eminent domain is the basis for condemnation proceedings, and has become a widely controversial issue in the past year with the Supreme Court's landmark ruling in the Kelo v. New London (Conn.) case.

E Terms

EARNEST MONEY DEPOSIT (EMD)

EASEMENT

EFFECTIVE AGE

EMINENT DOMAIN

ENCROACHMENT

EQUITY

ESCROW

EXAMINATION OF TITLE

EXCLUSIVE LISTING