. The first argument of this formula is the interest rate, the second the number of periods, the third the annual payments, the fourth is the present value, and the fifth indicates that payments are all made at the end rather than the beginning of each year.
Patenting refers to the system of land appropriation used in Kentucky to transfer land from the Commonwealth to an individual or group of individuals. All deeds trace back to an original patent recorded in the Kentucky Land Office. Land patenting consists of four steps, all of which must be completed before title is granted. Step #1: The Warrant (syn. Certificate, Order) This document authorizes a survey to be made.
A deed can be admitted to record in Kentucky when it has been signed and acknowledged by the grantor before the proper clerk by the party making the deed; or when it has been proved by two subscribing witnesses (382.130). If the grantor is under 18, the parent or guardian may sign.