Literally, by heads. Commonly, as individuals. In the right to receive a portion of the estate of a deceased person, one claiming a per capita right would claim an equal share as an individual and not a divided share as part of a family (per stirpes).

Daily.

By itself; of itself; inherently.

As a representative, and not as an individual. In the laws of descent and distribution, one who takes because of the deceased ancestor. For example: A leaves equally to B and C per stirpes. C dies, leaving three children. The estate goes one half to B, one half to be divided among the three children of C. See also: Per Capita.

A lease, generally on a retail business property, using a percentage of the gross or net sales to determine the rent. There is usually a minimum or “base” rental, in the event of poor sales.

See: Percentage Lease.

A seldom used unit of measurement equal to 16 1/2 feet.

The absorption of liquid into soil by seepage.

The test to determine the capability of the soil to absorb liquid, both for construction and septic systems.

A complete escrow. When the escrow agent has all instruments and instructions necessary to carry out the transaction (purpose of the escrow).

In contracts, the carrying out of the promises given as consideration to form the contract.

A bond posted by a builder to insure completion of a project.

(1) The boundary lines of a parcel of land. (2) The length of said boundary lines.

See: Baseboard Heating.

The maximum amount that a payment under an adjustable rate loan can vary for one adjustment period, rather than over the life of the loan.

The maximum amount that the interest rate under an adjustable rate loan can vary for one adjustment period, rather than over the life of the loan.

An agreement to rent from period to period. The period is determined by the rental payment (weekly, monthly, yearly, etc.).

A mortgage on completed construction for a long period of time, usually over ten years. See also: Take Out Loan.

Continuing forever. Legally, pertaining to real property, any condition extending the inalienability of property beyond the time of a life or lives in being plus twenty-one years.

Any property which is not designated by law as real property.