See: Veteran’s Administration (V.A.) Loan.

See: General Accredited Appraiser.

See: Generally Accepted Accounting Principles.

Rent. A seldom used term.

The exterior wall surface, triangular in shape, formed by the inclined edges of a ridged roof (gable roof).

A ridged roof, having two sloping edges which, at the ends of the ridge, form a gable.

Profit. Important for tax purposes when realized from the sale of a capital asset. See also: Capital Gain.

(1) A covered walkway, open on one side, running along an upper story of a building, either inside or outside. (2) The highest theater balcony, having the cheapest seats. (3) A building or portion of a building used for exhibits, such as an art gallery.

A liquid measure of 231 cubic inches or 4 quarts. See also: Imperial Gallon.

A ridged roof, each side having two slopes, the lower of which is more inclined.

A commitment to loan the difference between the floor amount of a take out loan and the full amount. The commitment is issued to enable a construction lender to loan the full amount of a take out commitment, rather than only the floor amount. See also: Floor Loan; Take Out Loan.

(1) Interim financing. (2) A loan between the floor amount and full amount of a take out loan. See: Gap Commitment.

A place to keep or repair motor vehicles; either a building adjacent or attached to a residence, or as a commercial enterprise.

A small tank with metal grinders, which is usually installed under the drain in a kitchen sink. The grinders pulverize discarded food into particles which may be washed into the sanitary sewer.

A small parcel of land used for growing fruits, vegetables, or flowers, which are usually not sold, but used by the grower.

An apartment development consisting of two or more structures, surrounded by an abundance of lawns, plants, flowers, etc., giving a garden-like atmosphere.

An act which, among other things, provides that a lender may not enforce a due-on-sale clause when the property passes by will to a relative of the decedent who occupies the property.

To bring garnishment proceedings.

The person against whom a garnishment is issued. The party holding funds of the debtor and not the debtor.

A legal proceeding under which a person’s money in control of another (such as salary) is taken for payment of a debt. The amount which may be taken is set by statute (usually as a percentage), and, in most states, a judgement is necessary before garnishment.

See: Attic.