FEE SIMPLE is absolute ownership of real property; owner is entitled to the entire property. This includes unencumbered right of disposition during his/her life and upon death the real property passes to his/her heirs. Also known as FEE SIMPLE ABSOLUTE and FEE ABSOLUTE.
ARREARS is an unpaid overdue debt, or the state of being behind in payments, e.g. an account in arrears.
EVA see ECONOMIC VALUE ADDED.
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