Invested.

Invested.

LEVY — To impose a tax. LIEN — A form of encumbrance which usually makes specific property security for the payment of a debt or discharge of an obligation. Example — judgments, taxes, mortgages, deeds of trust, etc. LIFE ESTATE — An estate or interest in real property, which is held for the duration of the life of some LIFE OF LOAN CAP (CAP RATE) — With regard to an adjustable rate mortgage, a ceiling the note rate cannot exceed over the life of the loan. LIMITATIONS, STATUTE OF — The commonly used identifying term for various statutes which require that a legal action be commenced within a prescribed time after the accrual of the right to seek legal relief.