Terms to Know. 1  Title: A legal term describing who officially owns the land. 2  Mortgage: A loan that covers the price of a house. 3  Foreclosure: The process by which the lender takes control of a house if the owner fails to pay back the mortgage. 4  Closing: The meeting in which ownership of real estate is officially transferred.
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Top definition. LeLe. a VERY down to earth, chill girl. she may be your neighbor, the girl who you can tell everything to, or maybe even the one who might have to put you in your place from time to time. either way, LeLe is definately the most awesome, amazing, spectacular, sweet, funny, outspoken, dramatic person you know.