Real Estate Glossary

Real Estate Glossary
Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.

Ia - In - Ind - Inf - Inn - Insu - Int - Inu

To protect another person against loss or damage or to compensate a party for loss or damage.

Written agreement between two or more persons having different interests.

Value estimate provided by someone who has no participation in ownership of the property in question.

A lathe chuck, which has four independently moving, jaws to enable the item to be exactly center with the use of a dial indicator.

One who is hired to do a particular job and is subject to the direction of the person in charge. Independent contractors pay for their own expenses and taxes and are not viewed as employees with benefits.

1. Financial tables used by lenders to calculate interest rates on adjustable mortgages and Treasury bills.
2. Statistic that indicates some current economic or financial condition.

A rental contract in which the tenant's rental is tied to a change in the price level, such as the Gross National Price Deflator.

This index indicates the direction of the economy in the next six to nine months and helps to forecast business trends. This series of 11 indicators is calculated and published monthly by the U.S. Department of Commerce.

Indication showing the speed of light in a medium.

Index of the costs to construct residential properties.

A long-term loan in which the term, payment, interest rate or principal amount may be adjusted periodically according to a specific index, which is usually stated in the loan agreement.

This precision gauge, which is also called an dial indicator, consists of a plunger that has gear teeth cut along parts of its length to engage a gear on the indicator needle to provide a visual indication of even very slight variations in the grade of a surface. The gauge, which has a needle that passes around the precise dial, which shows gradations as small as one ten-thousandth of an inch, is tightly clamped to a rigid surface, then the plunger is adjusted to connect with the work which is to be measured. This work is then moved past the plunger, which provides readings of the variations in the surface. When precision measurements, such as centering a piece of work in an independent chuck on a lathe, this gauge is valuable.

Any device, a gauge, register, pointer or dial that measures or records and visibly indicates.

Costs not directly associated with the structure itself but have been incurred during the construction period. Also, referred to as soft costs.

Lighting that has a large portion of emitted light directed upward, often off of a ceiling, before shining on an area or object. It reduces glare in the area being lighted and creates fewer shadows.

Costs that are not related specifically to one particular job but are a general cost of doing business.

Heavy-duty use circuits, which may range from 20 amps to 50 amps and are used for single appliances such as water heaters, clothes dryers, dishwashers, etc.

Tax-deferred savings account used to accrue funds for retirement.

Vent servicing only one plumbing fixture, separate from the others, in a drainage system.

Electric current which originates in a conductor by use of a fluctuating magnetic field around the conductor.

Tower that uses a suction fan to draw air through the tower, cooling water in that manner.

Process of soldering by use of heat generated by the electrical resistance of the matter that is being soldered when an electric current is passed through it.

Inductance opposes a change in current in an electrical circuit. Alternating Current (AC) varies with time; electromotive force is generated to oppose the current flow. Electromotive force is defined as: Force that occurs due to the voltage produced by a magnetic field that is in opposition to the magnetic field that is around a coil. The voltage is induced in the coil when the magnetic field cuts the coil. Current moving through the coil forms a magnetic field around the coil. This magnetic field moves across the turns of the coil, which induces a second voltage, which builds a magnetic field opposing the course current. The induced voltage is counter electromotive force.

Brazing process which uses electrical current through the matter being brazed, creating the heat required by generating it from the electrical resistance of the matter along with the current passing through the matter.

Welding done by using the heat generated by the electrical resistance of the matter being welded when the electric current passes through the matter.

Opposition to the alternating current flow is caused by this counter electromotive force in the alternating current of a coil.

Connected with or resulting from industry.

An area zoned and planned for the purpose of industrial development. Usually located outside the main residential area of a city and normally provided with adequate transportation access, including roads and railroad.

Property that is zoned and used for industrial use, such as factories, manufacturing, research and development, warehouse space and industrial parks.

Land zoned for industrial use, such as manufacturing, factory office and warehouse space and research and development.

Manufacturing product waste.

Any particular type of productivity, manufacturing, enterprise, etc.

Category of property zoning that designates property to be used for industrial purposes.

1. Without power to move, act or resist.
2. Tending to be physically or mentally inactive.
3. Having few or no active properties.
4. Chemically inactive; glass or helium.

Inert gas is a non-reactive gas, which prevents oxidation by displacing air or oxygen so it is used as an oxygen shield during welding. Since oxidation is speeded up greatly by the heat of welding, the presence of oxygen would be damaging to the finished weld.

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Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.

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