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north carolina real estate glossary

NC Charlotte Homes & Carolina Real Estate Glossary W
From Warranty Deed, Working Drawings, to Write-down

Return to the Real Estate Glossary

Warranty deed - A deed where the seller guarantees that they hold clear title to a piece of real estate and have the right to sell it to the buyer. The guarantee is not limited to the time the seller owned the property; it extends back to the property's origins.

Working drawings - The set of plans for a building or project that encompass the contract documents that specify the precise manner in which a project is to be constructed.

Write-down - An accounting procedure used when the book value of an asset is adjusted downward to more reflect its current market value.

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