override

(redirected from overrides)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.
Related to overrides: overridden

override

(1) A carve-out from oil and gas lease royalty payments,usually a gross dollar amount per barrel of oil or per cubic foot of gas without diminution for costs of extraction.The override may be payable to the broker on the deal,to the attorney,or to some person other than the lessor with the mineral rights.(2) A name given to a clause, in a real estate listing contract, that requires payment of a commission to the listing broker if a buyer introduced to the property by the broker purchases the property within a certain time period after the listing agreement expires.The clause is to protect the broker for sales activities at the very end of the listing period that do not come into fruition until later.It also serves to protect the broker from buyers who learn about the property from the broker, take the broker's time in securing additional information and property inspections,and then attempt to time their offers until after the listing expiration in the hopes the seller will accept a lower price because then the seller does not have to pay a commission from the sale proceeds.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Thus, not surprisingly, the possibility of overrides informs both doctrinal and theoretical discussions of the process of statutory interpretation and, particularly, the precedential weight to be awarded to statutory interpretation decisions.
Commentators who express widely divergent views regarding whether the Supreme Court's approach is appropriate nonetheless agree that overrides are essential to maintain separation of powers and protect legislative supremacy.
A somewhat different picture of the role of overrides emerges from positive political theory literature because it characterizes both the judicial process and the legislative process in more self-interested terms.
The pivotal politics argument suggests that about 12% (Krehbiel's one out of every eight) of the members within the veto pivot quintile switch their votes to join the president's coalition on veto override attempts.
This model argues that members at and around the veto pivot are critical because legislative coalitions must include these members to override the president's veto.
Relying solely on the arguments of Pivotal Politics, one is unable to explain a considerable portion of member voting behavior on override attempts.
The override will provide $304,985 to increase the general government to $18,862,885.
Town officials had declined to put an override before voters for five years even though it had long been apparent that revenue was not keeping pace with the needs of the schools and other departments.
Officials said the override was needed to begin to restore services that have been lost over the years because of limited commercial growth and eroding state aid.
contracts as de facto overrides and applied the same scrutiny and
standards as they do to actual overrides. (103) The sole exception to
overrides, agency personnel at all levels should document their