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Refinance and Mortgage Encyclopedia - reservation

Reservation

A right reserved by an ownerThe full name of the primary owner of the property parcel.(e.g. John P. Doe). in the grantCash transfers for which the recipient incurs no legal debt. (sale or leaseAn agreement to pay money in exchange for use of property.) of a propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself..

Reservation

A right retained by a grantorThe seller of property. in conveying propertyThe rights or interests a person has in the thing he owns; not, in the technical sense, the thing itself..
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