To split or crack wood.

Shingle composed of split wood. Used as a roofing or siding material.

Crop raised by a tenant farmer who gives a portion of the crop to the landlord as rent.

One who farms as a tenant, sharing his crop with the owner as payment of rent.

The gaining or retaining of equity in a property by someone other than the buyer. For example: the seller retains a 25% interest in the property. This makes the buyer responsible for only 75% of the purchase price and therefore, lowers the necessary financing by 25%. This obviously makes the property more affordable. By agreement, expenses are shared as well as any increase in value when the property is sold.

A financing arrangement under which the lender offers a lower interest rate in return for a percentage of the appreciation (profit) when the property is sold.

Commonly, one who owns stock (shares) in a corporation.

The covering over the outside studs (or rafters) of a roof. May be wallboard, plywood, etc.

The loss of soil in even amounts over a given area, through the action of water.

A row of trees planted so as to shelter a building from severe weather conditions. Usually found in open areas which receive heavy snowfall.

Deed given at sheriff’s sale in foreclosure of mortgage. The giving of said deed begins a statutory redemption period. Also given at court ordered sale, pursuant to the execution of a judgment.

A procedure in foreclosure that deeds the property to the sheriff and begins the redemption period.

Roof or wall surfacing of overlapping small sheets of wood, slate, tile, asphalt, or other waterproof material.

A trim molding, covering the juncture of baseboard and floor.

A general term, covering a number of types of clustered retail stores with common parking and ownership or management. (See specific shopping centers: Strip; Neighborhood; Community; Regional).

The lands alongside navigable waterways, between the high and low water marks.

(1) The use of timbers to prevent cave-in during excavation by placing them against the walls of the excavation. (2) Any temporary bracing to support loads during construction.

A document which refers either to another document not of record containing the total agreement, or incorporates by reference a document of record.

A slang term describing a short term note and mortgage calling for a balloon payment. (See: Balloon Note).

A sale of property which includes some forgiveness of debt by the lender under a mortgage or trust deed. The amount of debt forgiven may be considered income to the seller and taxable.

Profit from the sale of a capital asset not held long enough to qualify as a long term capital gain. Taxed as ordinary income.