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| shifts in the ecoomy ranging from prospertiy to recession and back again |
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| The stabel base necessary for a community to grow and prosper created bya diversity of resources, goods and services. |
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| Economic System that provides an open market that allows all perople to participate creating competiion and a favorable business climate |
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| Gross National Product -GNP |
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Definition
| The value of all goods and services used and produced in this country |
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| sequence of hoe purchases made by individual to meet their evolving needs and desires |
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| addition to land through natural causes usually change in water flow |
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| assessment on real property according to its market value |
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| rightful owner loses land to occupant who taken possession in a hostile distinct continuous and actual way for a statutory period |
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| syatem of land ownership that permits individual to own land in a free simple title in United States |
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| loss of land due to sudden change in the flow of water |
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| legal rights an owner of real estates acuires right of possession enoyment, right to sell and will, and mortage |
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| personal property movable in nature |
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| addition to a will that may alter the provisions of the will |
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| title appears to be good but upon search is found to be defective indicates another may have some rights of ownership |
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| property of an intestate passes to heirs by descent |
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| gift of real estate by will |
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Term
| doctorine or prior appropration |
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Definition
| first owner or user has the right to divert water for his use |
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Definition
| economic characteristic of land that considers improvement mad to land that are not as durable as the land |
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| rights to the land of another gained through continuous use |
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| right of govt to take private property for public use upon just payment to the owner |
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| right of soveriegn state to succeed to the property of an intestate with out hiers- person who dies without a will |
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| governing body of the land retains ownership of real property |
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| personal property that becomes real when permanently affixed to the real property such as a light fixture, oven and or range |
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Definition
| inheritable property real or personal |
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| incapable of being moved, fixed in location an important physical characteristics of land |
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| a person who dies with out a will |
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| loss of property for nonpayment of debts such as taxes, mortgage and foreclosure |
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| surface of the earth area above and below the surface everything attached naturally |
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| document issued by govt. granting fee title in public land to miners, settler, and war veterans |
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| a rate of currency used in determing property taxes |
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| moveable itmes not affixed to real property such as chattels |
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