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Engrossment
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Engrossment. When you're buying your home and the contracts are all ready to be signed, you have an engrossment - an approved draft document!
So in other words, it's the legal term which refers to the actual deed ready to be signed, sealed and delivered.
You don't need to worry about these old fashioned terms, that's what the person doing your conveyancing is there for.
See Also: Mortgage Centre and Mortgage comparison Service for the latest facts and figures.
Last Updated: June 2007 © Moneyextra.com
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