Welcome back to RealtyMyths Weekly Word Wizard! Here are the terms for the week.
Arbitrage: The simultaneous purchase and sale of a security with the purpose of obtaining a higher yield from the differential between its acquisition and selling price.
Avulsion: A sudden tearing away of land by the action of natural forces.
Bequest: A provision in a will providing for the distribution of personal property.
Bilateral contract: A contract in which each party promises to perform an act in exchange for the other party’s promise to perform.