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Glossary of terms used on this site

There are 202 entries in this glossary.
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Term Definition

Any form of land development or man-made addition, such as the erection of a building or fence, to enhance the value of private property; also an improvement to publicly owned structures, such as a sewer or road.


The act of physically examining and testing a piece of property to ascertain certain information.

Installment payment

Periodic payment, usually monthly, of interest and principal on a mortgage or other loan.


A fee paid for the use of money; also a share or right in something.

Interim financing

Short-term loan usually made during the construction phase of a building project or until a permanent, long-term loan can be obtained. Also called a construction loan.

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