SUPPLEMENTAL TAXES >> Additional taxes assessed by the city and/or county on property. These taxes are in addition to any taxes impounded in an escrow account.
SURETY BOND >> Obligation of a guarantor to pay a second party upon default by a third party in the performance it owes to the second party.
SURVEY >> A document prepared by a licensed surveyor that verifies the accuracy of a property?s legal description, plat maps, easements or other information found in a title search.
TAX LIEN >> A lien for outstanding or delinquent property, IRS or state taxes. Tax liens for delinquent property taxes are the most common and attach only to the property upon which the taxes are unpaid. Property tax liens always take priority over other liens.
TEMPORARY DISABILITY AWARD LETTER >> A letter issued to employees who are awarded temporary disability benefits because they are unable to work due to medical disability. These employees are expected to return to work once their disability heals.
TEMPORARY WORKER >> An individual who registers with a temporary employment agency to be placed on work assignments at companies on a temporary basis.
TENANCY IN COMMON >> A form of holding title in which the property is owned by 2 or more persons whereby each tenant holds an undivided interest in the property and no right of survivorship.
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