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| Incorporate
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To form a corporation under state regulations provided by the Secretary of State. |
| Incorporeal property
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Legal interests and rights in real estate that do not include the right of possession, such as air and mineral rights, riparian rights, easements and access rights. |
| Increaser
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Plumbing drainage fitting that enlarges the diameter of a straight-line run by virtue of its larger size on one end and smaller on the other. If it is used for the reverse, to make the diameter of a straight-line run smaller, it is called a reducer. |
| Increment
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(1) The small quantity by which a variable increases or is increased. (2) A negative increment is a decrease. (3) The fact of becoming greater or larger. |
| Incumbrance
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Claim or lien or interest in a property that complicates the title process, interfering with its use or transfer. Restrictive covenants. Also spelled encumbrance. |
| Incurable defect
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A defect in a property that cannot be fixed or is too expensive to repair. |
| Incurable depreciation
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When the cost of repairing a component of a structure exceeds the value of the structure, making it economically impractical to repair. |
| Incuse
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A design that is hammered or stamped in on coins, in metal, etc. |
| Indemnify
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To protect another person against loss or damage or to compensate a party for loss or damage. |
| Indenture
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Written agreement between two or more persons having different interests. |
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