Implied

Not expressed in writing; presumed or inferred.

Income Property

Property which produces income from residential or commercial rentals and profits attributable to real estate other than rent.

Incompetent

One who is mentally incompetent, incapable; any person who, though not insane, is, by reason of old age, disease, weakness of mind, or any other cause, unable unassisted to properly manage and take care of himself or his property.

Injunction

A writ or order issued under the seal of a court to restrain one or more parties to a suit or proceeding from doing an act which is deemed to be inequitable or unjust in regard to the rights of some other party or parties to the suit.

Installment Note

A note which provides that payments of a certain sum or amount be paid on the dates specified in the instrument.

Instrument

A legal document in writing to create, alter, modify or terminate a right.

Interest Rate

The percentage of a sum of money charged for its use.

Investment

Money put in property or other ventures with the expectation of making a profit, with sufficient security to return and protect the capital; not speculation.

Involuntary Conveyance

Sheriff's deed; tax deed; an instrument against the will of the owner.

Involuntary Lien

A lien imposed against property without consent of owner. Examples: taxes, assessments, federal income tax liens, judgments, etc.