Patent
With a patent the Federal Government conveys public land to individuals.

Cash value
Cash value refers to the amount of money a piece of property will bring shortly after brought to the open market.

Alluvion
A kind of accretion on riparian land by action of water which deposits sediment.

Balloon payment
A ballon payment is a final payment which is usually higher than the preceeding ones.

Beneficiary
A beneficiary is someone that inherited property through the will of someone else.

Constructive notice
A constructive notice is also called a legal notice and presumes that everybody has knowledge of a recorded instrument.

Lessor
A lessor is someone that rents property through a lease, the so called landlord.

Locus
Locus means a particular parcel of land.

Realty
Realty is synonymous for real estate or real property.

Concession
A concession is a Governement grant to sell food, etc on government land.