A street or ally open at one end only. Modernly, a street in a subdivision, open at one end, and having a large, rounded, closed end to facilitate U turns.

A parcel of land which can be cultivated.

A term denoting man made changes to land.

A waterway or drainage ditch which crosses under a road.

(1) A structure, usually domelike, atop a roof. (2) A type of foundry furnace for melting iron.

Repairs which an owner of real estate should make to retain a high value, but which have not been made.

See: Functional Obso-lescence.

See: Physical Deterioration.

The part of a curb which lowers to street level to form the apron of a driveway.

The line between the right of way for automobiles (road) and the right of way for pedestrians (sidewalk).

An accounting term meaning cash or those things which can be readily converted to cash, such as short term accounts receivable.

Short term debts.

The schedule of partial principal payments (both amounts and due dates) to reduce and retire an indebtedness.

An outside wall which lends no structural support to a building, but acts merely to enclose.

A common law interest of a husband in the property of his deceased wife. Abolished in most states.

The grounds and secondary buildings surrounding a house which are commonly used in connection with the everyday use of the house.

Having boundaries of curved lines; may refer to architecture, streets, etc.

(1) One who is entrusted with the care and keeping of real or personal property. See also: Custody. (2) A janitor.

The care and keeping of property (real or personal). For example: An escrow agent has custody of documents and funds until closing.

One who builds for a specific owner, designing the building to suit said owner’s need, rather than building and then looking for a buyer.

A buyer of goods or services.