Definition of Yoke

Yoke

The location where a home's water meter is sometimes installed between two copper pipes, and located in the water meter pit in the yard.

Certificate of Location or Survey

A document specifying the exact location of the building on the property and describing the type and size of the building including additions, if any.

Home Equity

The difference between the price for which a home could be sold (market value) and the total debts registered against it.

P.I.T. (PIT)

Principal, interest and taxes. Together, these make up the regular payment on a mortgage if you elect to include property taxes in your mortgage payments

Coach home

One of a group of homes in a two-story building, with own garage and entrance.

Courtyard home

A home with a courtyard as its main entrance.

Home warranty

Like any other warranty, this guarantees the property against failure of mechanical systems, such as plumbing, electrical, heating and installed appliances.

Patio home

Small, single-family home with a patio.

PITI

Principal, interest, taxes, insurance -- the things that generally make up a monthly mortgage payment.

Single-family home

A detached house.

Ductwork

A system of large tubes, pipes or channels (ducts) designed to deliver air to and from a furnace or other air-handling unit.

Pitch

The angle of slope of a roof.

Seepage Pit

A sewage disposal system composed of a septic tank and a connected cesspool.

Stick-Built Home

A house built without prefabricated parts. Also called conventional building.

Yard of Concrete

One cubic yard of concrete is 3' x 3' x 3' in volume, or 27 cubic feet. One cubic yard of concrete will pour 80 square feet of 3 ½" sidewalk or basement/garage floor.

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