One who signs a mortgage with another as borrower. The term is often applied to one who intends to guaranty the loan even though co-mortgagors have equal liability.

See: Cooperative apartment.

A general term encompassing a number of methods to determine the position of intersecting lines, planes, points, etc.

Ownership by two or more persons or entities. See also: Equitable Ownership; Legal Owner.

See: Co-maker.

One who shares the duties of trustee with one or more other trustees.

The seashore or land near it.

A commission set up to control construction in coastal areas.

A comprehensive set of laws drawn up to cover completely a given subject. Covers diverse subjects, such as the criminal code, and the building code.

See: Ethics.

An addition to a will, which modifies the will by adding to it, subtracting from it, or clarifying it.

See: Caisson.

One of the many indexes used to determine rate changes for an adjustable rate mortgage. COFI is considered a good index for the borrower.

A note in which a debtor confesses judgement in the event of nonpayment and waives all defenses.

A cornerstone, usually differing in size (and sometimes material) from the rest of the wall, also spelled quoin.

A sharing of the risk of an insurance policy by more than one insurer. Usually one insurer is liable up to a certain amount; the other liable over that amount.

A requirement by an insurer that the property owner carry insurance equal to a specified percentage of the value of the property.

Soliciting door to door or by phone without any previous contact. A good method for a salesperson to begin to establish a farm area. See: Farm (3).