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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 Page

This 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...

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Monthly Home Term Picks:

Annuitant

This is the person during whose life an annuity is payable.


Attribution Rules

Legislation 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 Period

A 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.


Illustration

An 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 Policy

A policy offers the potential of sharing in the success of an insurance company through the receipt of dividends.


Policyowner

The 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 fee

A charge from the city or county for recording the transfer of the property.


Ampere

A 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 Windows

Dormers 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 Staple

Stapling to the inside portion of the stud or rafter.


Plant Shelf

A decorative feature approximately 8 feet above the floor, normally associated with volume ceilings that add high spaces/shelves to use for decorative purposes.


Poly-Wrap

Polyethylene 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.


Rabbet

A groove cut in a board to receive another board.


Zero-lot line

The positioning of a house near or on top of the lot boundary, resulting in little or no space between houses.


 

 

 

 

 



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