[ noun ] property consisting of houses and land <noun.possession>
Realty \Re"al*ty\ (-t[y^]), n. [OF. r['e]alt['e], LL. regalitas, fr. L. regalis. See {Regal}.] 1. Royalty. [Obs.] --Chaucer.
2. Loyalty; faithfulness. [R.] --Milton.
Realty \Re"al*ty\, n. [Contr. from 1st {Reality}.] 1. Reality. [Obs.] --Dr. H. More.
2. (Law) (a) Immobility, or the fixed, permanent nature of real property; as, chattels which savor of the realty; -- so written in legal language for reality. (b) Real estate; a piece of real property. --Blackstone.
Its problems began in 1983 and 1984, when it originated many commercial and realty loans that later defaulted, the FSLIC said.
"We aren't considering a sale of Xerox Financial Services or any part of it," except for a small realty unit, a spokesman says.
It said the results reflect "the continuation of an extremely competitive transportation services market, which has put intense pressure on rail freight rates, and lower realty earnings."
Under the proposed plan, the fund would also lend Santa Fe Pacific Realty $75 million in the form of a note that would be convertible into additional shares of the realty company after the second year at the then-prevailing market price.
Shearson also made a well-timed 1982 purchase of its Balcor realty syndication unit, they add.
Owner Paul Ramsay, an Australian health care mogul, has asked a Dallas realty company to offer the home for sale.
Fine Homes' realty offices will switch to the Prudential name following the completion of the deal.
Life-long Republicans with their own realty business, they both say they'll vote for "anyone but George Bush," even a Democrat.
The current credit package, when it was initially set, permitted the company and its finance and realty units to borrow as much as a total of $375 million at any one time, less the proceeds of divestitures received after April 29.
However, the company said it would retain its realty and technology units.
The realty and operating companies are managed separately, but their shares are paired for trading in the national over-the-counter market.