|
|
| Home Terms | |
| Main Page |
|
Information about home, mortgage, insurance, homebuyer, real estate, property, buy home, home insurance, financing, home financing, home buyer, first time homebuyer, homes, homebuying, credit, condo.
Main Page: condo, home insurance, credit, first time homebuyer, insurance, homebuying, homes, home financing, buy home, Also see related: financial advisor, credit, inventory, stock trading, inventory control, tax advisor, business, money, |
Home Terms Main PageThis site contains comprehensive definitions for a wide range of terms that cover topics such as home, mortgage, insurance, homebuyer, real estate, property, buy home, home insurance, financing, home financing, home buyer, first time homebuyer, homes, homebuying, credit, condo...
Our proprietary algorithm provides many related definitions for each term, helping you better understand the subject.
Monthly Home Term Picks:AnnuitantThis is the person during whose life an annuity is payable. Attribution RulesLegislation under which interest, dividends, or capital gains earned on assets you transfer to your spouse will be treated as your own for tax purposes. Interest or dividends relating to property transferred to children under 18 also will be attributed back to you. The exception to this rule is that capital gains relating to property transferred to children under 18 will not be attributed back to you. Grace PeriodA specific period of time after a premium payment is due during which the policy owner may make a payment, and during which, the protection of the policy continues. The grace period usually ends in 30 days. IllustrationAn illustration is a computer-generated spreadsheet that takes into account a number of assumptions in order to show how a specific policy might perform for a specific individual. Participating PolicyA policy offers the potential of sharing in the success of an insurance company through the receipt of dividends. PolicyownerThe person who owns and holds all rights under the policy, including the power to name and change beneficiaries, make a policy loan, assign the policy to a financial institution as collateral for a loan, withdraw funds or surrender the policy. Recording feeA charge from the city or county for recording the transfer of the property. AmpereA unit of electrical current or volume--see "Voltage." Most homes have an electrical service 'entrance' package of 125 or 200 amps. Some older homes have 60 or 100 amp 'entrances'. Dormer WindowsDormers are located on the second floor and project or extend out through the roof to provide window space. Glued Laminated Beam (Glulam)A structural beam composed of wood laminations or lams. The lams are pressure bonded with adhesives to attain a typical thickness of 1 ½" . (It looks like 5 or more 2 X 4's are glued together). Inset StapleStapling to the inside portion of the stud or rafter. Plant ShelfA decorative feature approximately 8 feet above the floor, normally associated with volume ceilings that add high spaces/shelves to use for decorative purposes. Poly-WrapPolyethylene wrap that encloses Owens Corning MIRAFLEX® insulation, making it comfortable to touch, less likely to itch and irritate, and easier to handle and install. The poly wrap has tiny perforations that allow the insulation to breathe and resist the collection of moisture within the wrap. RabbetA groove cut in a board to receive another board. Zero-lot lineThe positioning of a house near or on top of the lot boundary, resulting in little or no space between houses. |