A bond protecting against failure to complete construction.

Also called modular construction or prefabrication. See also: Prefabrication.

Allocating separate effective lives to components of a building and depreciating each separately.

A modular (prefabricated) wall, fully finished, which is installed as a part of a building.

A rate reflecting both the income flow of a building (or other depreciating asset) and the recapture of invested capital.

(1) A mixture of gravel and stones embedded in a heavy tar roof shingle, and called a “composition” roof. (2) A creditor’s composition, (see which).

The total amount at the end of a given period, including investment and reinvestment of the annuity payments.

The total amount at the end of a given period, including the reinvestment of all interest plus the original amount invested.

Interest paid on accumulated interest as well as on the principal.

A slope composed of two or more separate slopes with different grade angles.

See: Master Plan.

The federal legislation which established the Superfund to hasten the cleanup of contaminated property. The strength of the act is that there is strict liability, joint and several liability, and liability is retroactive. See also: Joint and Several Liability; Strict Liability; Superfund.

See: Comparables.

A system of processing listings through a computer so that anyone belonging to the service may learn of the listing through a telephone call directly into the computer. The listings are coded by area, number of bedrooms, and other features of the property.

Having an angle or curvature less than 180 degrees.

See: Radiant Heating.

A granting of a right, by government or privately, usually for use of land or area in a building to carry on a business.

A cement mixture containing sand and gravel which is combined by mixing with water, poured to a desired shape, and hardens as it dries. See also: Poststressed Concrete; Prestressed Concrete; Reinforced Concrete.

A concrete which has not been prestressed, poststressed, or reinforced in any way except possibly to hinder shrinkage or expansion caused by temperature changes.

See: Architectural Concrete Construc-tion; Reinforced Concrete Construction.

A poured foundation consisting of concrete beams at the perimeter and center of a reinforced slab, which gives the slab support. See: Floating Slab; Monolithic Slab; Rebar.