Public Records

Constructive Notice
Constructive notice is a legal concept that presumes an individual has been given notice of a property or legal matter as a result of the information being publicly available or recorded, even if the individual has not been personally informed.
Freedom of Information Act (FOIA)
The Freedom of Information Act (FOIA) is a federal law that provides the public with the right to request access to records from any federal agency. It is often described as the law that keeps citizens in the know about their government.
Freedom of Information Act (FOIA)
The Freedom of Information Act (FOIA) is a federal law that mandates the disclosure of documents and materials generated or held by federal agencies to the public, subject to specified exemptions including issues related to national security.
Owner of Record
The term 'Owner of Record' refers to the person(s) or entity that is officially recognized as the owner of a property based on public records.
Probate Assets
Probate assets are those assets within an estate that are subject to probate and court disposition, and thus become part of public records.
Recording
Recording refers to the act of entering a transaction in a book of public records, particularly those affecting the title to real property. This process gives public notice of the facts recorded.
Redact
Redacting involves preparing documents for publication or presentation by correcting, revising, or adapting the content. In contemporary usage, redaction often refers to obscuring private, confidential, or sensitive information in a document, such as a public record, to ensure it cannot be read. This process can be particularly challenging with electronic files.
Sunshine Law
State or federal laws, also known as government in the sunshine laws, require most meetings of regulatory bodies to be held in public and most of their decisions and records to be disclosed.
Tax Map
A tax map is a document that details the location, dimensions, and pertinent information about a parcel of land subject to property taxes. These maps are typically bound into books and maintained as public records at local tax offices.
Title Search
A title search is an investigation of documents in the public record office to determine the state of a title, including all liens, encumbrances, mortgages, future interests, and so on, affecting the property; it is the means by which a chain of title is ascertained.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.