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  • Billings for work performed or costs incurred by one party that, in accordance with the agreement, should have been performed or incurred by the(...) Read More
  • To prime, or apply paint to, the back or exterior of a piece of woodwork. Back Priming helps to prevent wood grain from contracting or swelling. Read More
  • When a wholesaler purchases a property and immediately resells it to an end buyer. A double close is different from an assignment of contract(...) Read More
  • Or "Foam Backer Rod". A flexible, cylindrical-shaped material used for chinking wide joints; for enhanced sealant/caulking performance. Read More
  • The replacement of excavated earth into a trench around or against a basement /crawl space foundation wall. Read More
  • Supportive framing lumber was installed between studs and behind drywall for towel holders, cabinets, and railings. Read More
  • Work the framing contractor does after the mechanical subcontractors (Heating-Plumbing-Electrical) finish their phase of work at the Rough(...) Read More
  • The upright surface, often made of tile, behind a kitchen counter, sink, or stove, that protects the wall from damage from splatter due to(...) Read More
  • A binding contract to purchase a property, made in acknowledgment of an existing offer, should the existing transaction ultimately not close. At(...) Read More
  • A financial statement that shows assets, liabilities, and net worth as of a specific date. Read More
  • A transformer that steps up the voltage in a florescent lamp. Read More
  • Framed walls (generally over 10' tall) that run the entire vertical length from the floor sill plate to the roof. This is done to eliminate the(...) Read More
  • A mortgage with periodic installments of principal and interest that do not fully amortize the loan. The balance of the mortgage is due in a(...) Read More
  • A final lump sum payment that is due, often at the maturity date of a balloon mortgage. Read More
  • Vertical members in a railing used between a top rail and bottom rail or the stair treads. Sometimes referred to as’pickets' or’spindles'. Read More
  • The rail, posts and vertical balusters along the edge of a stairway or elevated walkway. Read More
  • A bank-owned property is acquired by a financial institution when a homeowner defaults on their mortgage. Given potential repairs needed, these(...) Read More
  • A legal proceeding initiated when a person or business is unable to repay outstanding debts or obligations. Read More
  • When a court grants a discharge order, it cancels the obligation to repay the discharged debt(s) included in the bankruptcy filing. Read More
  • The court order of dismissal, ending a bankruptcy case without the debt being discharged or eliminated, terminating the automatic stay and(...) Read More
  • Horizontal beam rafter that supports shorter rafters. Read More
  • A decorative board covering the projecting rafter (fly rafter) of the gable end. At the cornice, this member is a fascia board. Read More
  • A cabinet that generally rests on the floor with a toe-kick and countertop. Read More
  • A layer of paint applied before the topcoat. Read More
  • Molding along the point where the baseboard meets the floor. Read More
  • The baseboard is a trim board around a room that connects between the wall and the floor. Read More
  • The window frame and glass unit that is installed in the window buck. Read More
  • A type of sink, circular in shape, that has sloping or curving sides. Read More
  • A simplified units of measure that express percentages in finance, expressed in hundredths of a percentage point, often used in relation to(...) Read More
  • In a bathtub, one of several spouts that shoot water, air, or both into the tub at fast speeds to provide a massage effect. Read More
  • A section of fiber-glass or rock-wool insulation measuring 15 or 23 inches wide by four to eight feet long and various thickness'. Sometimes(...) Read More
  • Narrow strips of wood used to cover joints or as decorative vertical members over plywood or wide boards. Read More
  • A three-window unit, the Bay window, usually contains one large middle panel and two smaller side panels. A bay window projects outward from the(...) Read More
  • A structural member transversely supporting a load. A structural member carrying building loads (weight) from one support to another. Sometimes(...) Read More
  • Wooden or steel structures are used as replacements when a wall is removed to support the weight of a home. Read More
  • (a) A beam placed perpendicular to joists and to which joists are nailed in framing for a chimney, stairway, or other opening. (b) A wood(...) Read More
  • A partition that supports any vertical load in addition to its own weight. Read More
  • A point where a bearing or structural weight is concentrated and transferred to the foundation Read More
  • A wall that supports any vertical load in addition to its own weight. Read More
  • A subsurface layer of earth that is suitable to support a structure. Read More

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