Archives: Glossary

WEEP HOLES

Small holes in a retaining wall or other wall where it may be necessary to drain off excess water to avoid pressure build-up.

WEIGHTED AVERAGE

A method of determining an average by valuing each component based on its relative importance. Example: In a mortgage pool a loan with a $100,000 balance would be valued higher for purposes of averaging than a similar loan with a $10,000 balance.

WEIR

(1) A dam used to divert water to a pond, mill, or similar use. (2) A device for measuring the flow of water past a given point.

WEIR BOX

A box set in an irrigation ditch to measure to flow of water. The box (usually of wood or concrete) is open at both ends and contains a measuring device (weir).

WELL

A hole or shaft, which is sunk (usually by drilling) into the ground to obtain water, oil, natural gas, etc.

WESTERN FRAMING

A type of framing in which the studding for each floor rests on a separate sill rather than ground to roof as in balloon framing.

WET PLASTER

Plaster mixed with water and spread wet over a lath. The plaster dries hard to form the surface of a wall, ceiling, etc.

WETLANDS

Lands which, in their normal condition, have wet or spongy soil, such as a marsh or bog.

WHARF

A structure used for loading and unloading ships. May be constructed, as a dock or pier, or simply a piece of ground prepared for the same use.

WHAT-IF ANALYSIS

An exploration of the possible future circumstances of a potential buyer or borrower. For example: If you were off work for six months, would you lose your home? Useful in determining if you are financially sound enough to face possible future financial reverses.

WIDOW’S QUARANTINE

Old English law. Forty days during which a widow could stay in her husband’s house, rent free, after his death.

WIFE

A woman who is legally married to a living man.

WILD INTEREST

An interest of record which cannot be traced in the chain of title. Frequently occurs when an incorrect legal description appears on a document. An apparent wild interest may occur if a woman who changes her name through marriage after acquiring property, sells the property using her married name only.

WILD LAND

Land not being used for cultivation or construction. Land completely in its natural state.

WILL

A written expression of the desire of a person as to the disposition of that person’s property after death. Must follow certain procedures to be valid.

WINDBREAK

Any natural or artificial structure which shelters by breaking the force of the wind.

WINDOW

An opening in a wall or roof of a building to provide light, air, view, etc., but containing glass to keep out the weather.

WING

A portion of a building which projects from the main area of the structure as a bird’s wing projects from its body.

WIRE GLASS

A pane of glass embedded with wire to strengthen it and prevent flying glass.

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