Free Real Estate Vocabulary Flashcards

A small mound or hill composed of stratified glacial deposits.

An unusually tough and durable gypsum plaster to which alum has been added. Used primarily for walls of commercial buildings.

A term seldom used in the United States. A custodian of a building or grounds.

The shore between the high and low water marks.

A retirement plan whereby a self-employed person may set aside a certain portion of income (tax deferred) into a retirement account. The money is taxable upon withdrawal at retirement when the person’s tax bracket is often lower.

(1) A notch or slit made by a saw. (2) The width of the cut of a saw blade.

(1) A strategically located lot, adding to its value. (2) A lot adjoining a corner lot at its rear property line with frontage on the secondary street. Also called a Butt Lot.

See: Prime Tenant.

Insurance through loss (through death or disability) of a “key” (important) person in a company. The liability is the estimated cost of the loss (in business lost, and replacement of the individual). Some lenders require this insurance before lending to small companies which rely on one or a few “key” people.

The piece, usually wedge shaped, at the top of an arch.

A metal or plastic strip, placed at the lower edge of a door or on a riser of a step to protect it from damage by accidental kicking.

A term generally used to describe an illegal rebate. See: Rebate.