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Word	Definition
C.C. & R.’s (Covenants, conditions and restriction	Usually applied to Condominims: Those matters that inhibit the use or other regulations placed against properties by an inclusion on a prior deed.
C.C. & R.’s (Covenants, conditions and restriction	Usually applied to Condominims: Those matters that inhibit the use or other regulations placed against properties by an inclusion on a prior deed.
Caisson	A 10" or 12" diameter hole drilled into the earth and embedded into bedrock 3 - 4 feet. The structural support for a type of foundation wall, porch, patio, monopost, or other structure. Two or more "sticks" of reinforcing bars (rebar) are inserted into and run the full length of the hole and concrete is poured into the caisson hole
Call option	A clause in a loan agreement that allows a lender to ask for the balance at any time.
Call option	A clause in a loan agreement that allows a lender to ask for the balance at any time.
Can lights	Cylindrical chambers with bulbs recessed into the ceiling.
Cancellation clause	A clause that details the conditions under which each party may terminate the agreement.
Cancellation clause	A clause that details the conditions under which each party may terminate the agreement.
Canopy	An overhanging roof.
Cantilever	A projecting structure supported on one end, such as a balcony.
Cantilever	An overhang. Where one floor extends beyond and over a foundation wall. For example at a fireplace location or bay window cantilever. Normally, not extending over 2 feet.
Cantilevered void	Foundation void material used in unusually expansive soils conditions. This void is "trapezoid" shaped and has vertical sides of 6" and 4" respectively.
Cap	A limit on the amount the interest rate or monthly payment can increase in an adjustable-rate mortgage.
Cap	The upper member of a column, pilaster, door cornice, molding, or fireplace.
Cap flashing	The portion of the flashing attached to a vertical surface to prevent water from migrating behind the base flashing.
Cap Sheets	In roofing, one to four plies of felt bonded and top coated with bitumen that is laid over an existing roof as a treatment for defective roofs.
Cape Chisel	Tool used to clean out mortar joints on brick.
Cape Cod style	A wood-frame or shingled house with a steep roof and several windows projecting from the second floor.
Cape Cod style	A wood-frame or shingled house with a steep roof and several windows projecting from the second floor.
Capital	Money used to create income, such as funds invested in rental property.
Capital	Money used to create income, such as funds invested in rental property.
Capital expenditure	The cost of making improvements on a property.
Capital expenditure	The cost of making improvements on a property.
Capital gains	Profits an investor makes from the sale of real estate or investments.
Capital gains	Profits an investor makes from the sale of real estate or investments.
Capital gains tax	A tax placed on the profits from the sale of real estate or investments.
Capital gains tax	A tax placed on the profits from the sale of real estate or investments.
Capital improvement	Any improvement that extends the life or increases the value of a piece of property.
Capital improvement	Any improvement that extends the life or increases the value of a piece of property.
Capitalization	A mathematical formula that investors use to compute the value of a property based on net income.
Capitalization	A mathematical formula that investors use to compute the value of a property based on net income.
Capitalization rate	The percentage rate of return estimated from the net income of a piece of property.
Capitalization rate	The percentage rate of return estimated from the net income of a piece of property.
Caravan	A group of real estate agents who tour a house that has been recently listed for sale.
Carport	A roof that covers a driveway or other parking area.
Casement	Frames of wood or metal enclosing part (or all) of a window sash. May beopened by means of hinges affixed to the vertical edges
Casement window	A window hinged on its sides to allow it to swing open vertically.
Casement Window	A window with hinges on one of the vertical sides and swings open like a normal door
Cash flow	The amount of cash a rental property investor receives after deducting operating expenses and loan payments from gross
Cash flow	The amount of cash a rental property investor receives after deducting operating expenses and loan payments from gross
Cash-out refinance	The refinancing of a mortgage in which the money received from the new loan is greater than the amount due on the old loan. The borrower can use the extra funds in any manner.
Cash-out refinance	The refinancing of a mortgage in which the money received from the new loan is greater than the amount due on the old loan. The borrower can use the extra funds in any manner.
Cashier's check	A check the bank draws on itself rather than on a depositor's account.
Cashier's check	A check the bank draws on itself rather than on a depositor's account.
Casing	Wood trim molding installed around a door or window opening.
Cathedral ceiling	A high open ceiling formed by finishing exposed roof rafters.
Caulk	An acrylic or silicon sealant used to fill cracks, crevices and holes in a home.
Caulking	(1) A flexible material used to seal a gap between two surfaces e.g. between pieces of siding or the corners in tub walls. (2) To fill a joint with mastic or asphalt plastic cement to prevent leaks.
Caveat	A formal notice, that asks a court to suspend action until the party which filed the challenge can be heard.
Caveat	A formal notice, that asks a court to suspend action until the party which filed the challenge can be heard.
Caveat emptor	A legal principle derived from Latin than means "let the buyer beware."
Caveat emptor	A legal principle derived from Latin than means "let the buyer beware."
Cavedium	A courtyard or atrium.
Cavedium	A courtyard or atrium.
CCA (Chromated Copper Arsenate)	A pesticide that is forced into wood under high pressure to protect it from termites, other wood boring insects, and decay caused by fungus
Ceiling height	The standard height of a ceiling is eight feet.
Ceiling joist	One of a series of parallel framing members used to support ceiling loads and supported in turn by larger beams, girders or bearing walls. Also called roof joists.
Celotex ™	Black fibrous board that is used as exterior sheething.
Cement	The gray powder that is the "glue" in concrete. Portland cement. Also, any adhesive.
Central air conditioning	A device that generates cold air through an outside unit that is connected to ductwork inside the house.
Central business district	The area of a city where most large businesses are located.
Central business district	The area of a city where most large businesses are located.
Ceramic tile	A man-made or machine-made clay tile used to finish a floor or wall. Generally used in bathtub and shower enclosures and on counter tops.
Certificate of Deposit (CD)	A document which shows that the bearer has a specified amount of money on deposit with a bank, stock-brokerage firm or other financial institution.
Certificate of Deposit (CD)	A document which shows that the bearer has a specified amount of money on deposit with a bank, stock-brokerage firm or other financial institution.
Certificate of deposit index	An index based on the interest rates on six-month CDs. It used to determine the interest rate for some adjustable-rate
Certificate of deposit index	An index based on the interest rates on six-month CDs. It used to determine the interest rate for some adjustable-rate
Certificate of eligibility	A document issued by the Veterans Administration that verifies the eligibility of a veteran for a loan program.
Certificate of eligibility	A document issued by the Veterans Administration that verifies the eligibility of a veteran for a loan program.
Certificate of occupancy	A document which states that a home or other building has met all building codes and is suitable for habitation.
Certificate of occupancy	A document which states that a home or other building has met all building codes and is suitable for habitation.
Certificate Of Occupancy	A document stating that a building is approved for occupancy. The building authority issues the Certificate of Occupancy
Certificate of sale	A document issued at a judicial sale, which entitles the buyer to receive a deed after court confirmation of the purchase of the
Certificate of sale	A document issued at a judicial sale, which entitles the buyer to receive a deed after court confirmation of the purchase of the
Certificate of title	A written opinion on the status of a piece of property based on an examination of the public record.
Certificate of title	A written opinion on the status of a piece of property based on an examination of the public record.
CFM (cubic feet per minute)	A rating that expresses the amount of air a blower or fan can move. The volume of air (measured in cubic feet) that can pass through an opening in one minute.
Chain of title	A chronological list of documents comprising the record history of title to a specific parcel of real property.
Chain of title	A chronological list of documents comprising the record history of title to a specific parcel of real property.
Chair rail	- A molding that runs horizontally along the wall at about 3 feet from the ground. In storefront, window wall, or curtain wall systems, a chair rail is an aluminum extrusion applied horizontally to the inside of the system 3 feet from the floor to create a barrier in floor-to-ceiling glazing applications.
Chair railing	Decorative trim installed on a wall about 32 inches above the floor, which protects against scuffs from furniture.
Chalk line	A line made by snapping a taut string or cord dusted with chalk. Used for alignment purposes.
Change frequency	The adjustment schedule on an adjustable-rate mortgage.
Change frequency	The adjustment schedule on an adjustable-rate mortgage.
Change order	A modification of the construction contract to authorize a change in the work, an adjustment in the amount of the contract or a change in the contract time. The owner, architect and contractor must sign the change.
Change order	A modification of the construction contract to authorize a change in the work, an adjustment in the amount of the contract or a change in the contract time. The owner, architect and contractor must sign the change.
Change order	A written document which modifies the plans and specifications and/or the price of the construction Contract.
Chase	A framed enclosed space around a flue pipe or a channel in a wall, or through a ceiling for something to lie in or pass through
Chattel	Personal property such as furniture, clothing or a car.
Chattel	Personal property such as furniture, clothing or a car.
Chattel mortgage	A lien on personal property used as collateral for a loan.
Chattel mortgage	A lien on personal property used as collateral for a loan.
Chimney back	The back wall or lining of a fireplace or furnace chimney.
Chimney flue	The passage inside a chimney that channels smoke and heat to the outside.
Chimney pot	A short pipe at the top of a chimney that increases ventilation to the fireplace and reduces smoke.
Chink	To install fiberglass insulation around all exterior door and window frames, wall corners, and small gaps in the exterior wall.
Chip Board	A manufactured wood panel made out of 1"- 2" wood chips and glue. Often used as a substitute for plywood in the exterior wall and roof sheathing. Also called OSB (Oriented Strand Board) or wafer board.
Cinder block	A block made of ash and cement that is used in construction.
Cinder fill	Cinders used below a basement or around a foundation to promote drainage.
Circuit	The path of electrical flow from a power source through an outlet and back to ground.
Circuit breaker	An electric fuse that activates or deactivates a circuit.
Circuit Breaker	A device which looks like a switch and is usually located inside the electrical breaker panel or circuit breaker box. It is designed to (1) shut of the power to portions or all of the house and (2) to limit the amount of power flowing through a circuit (measured in amperes). 110 volt household circuits require a fuse or circuit breaker with a rating of 15 or a maximum of 20 amps. 220 volt circuits may be designed for higher amperage loads e.g. a hot water heater may be designed for a 30 amp load and would therefore need a 30 amp fuse or breaker.
Cistern	A tank used to store rainwater.
City Reports	The requirement of a special report to be issued in connection with the sale of property, usually processed through the Department of Building and Safety Some-times, but not often an inspection is involved.
City Reports	The requirement of a special report to be issued in connection with the sale of property, usually processed through the Department of Building and Safety Some-times, but not often an inspection is involved.
Class "A"	Optimum fire rating issued by Underwriter's Laboratories on roofing. The building codes in some areas require this type of roofing for fire safety.
Class "C"	Minimum fire rating issued by the Underwriters' Laboratories for roofing materials.
Classified property tax	A tax that varies in rate depending on the use of the property.
Classified property tax	A tax that varies in rate depending on the use of the property.
Clean out	An opening providing access to a drain line. Closed with a threaded plug.
Clear title	A property that does not have liens, defects or other legal encumbrances.
Clear title	A property that does not have liens, defects or other legal encumbrances.
Clip ties	Sharp, cut metal wires that protrude out of a concrete foundation wall (that at one time held the foundation form panels in place).
Closing	The final procedure in which documents are signed and recorded, and the property is transferred.
Closing	The final procedure in which documents are signed and recorded, and the property is transferred.
Closing costs	Expenses incidental to the sale of real estate, including loan, title and appraisal fees.
Closing costs	Expenses incidental to the sale of real estate, including loan, title and appraisal fees.
Closing Statement	Settlement of the escrow. (1) The seller’s statement gives an accounting of the sales price paid less the charges assessed to the seller and any pay-offs made on behalf of the seller. (2) The buyers statement shows the deposits made, the loan(s) received or assumed, and any credits less the sales price, loan costs, insurance, pro-rata items and charges usually paid for by the buyer.
Closing Statement	Settlement of the escrow. (1) The seller’s statement gives an accounting of the sales price paid less the charges assessed to the seller and any pay-offs made on behalf of the seller. (2) The buyers statement shows the deposits made, the loan(s) received or assumed, and any credits less the sales price, loan costs, insurance, pro-rata items and charges usually paid for by the buyer.
Cloud on title	An invalid encumbrance on real property.
Cloud on title	An invalid encumbrance on real property.
Cluster development	A method of squeezing more homes into less space.
Cluster development	A method of squeezing more homes into less space.
CO	An abbreviation for "Certificate of Occupancy". This certificate is issued by the local municipality and is required before anyone can occupy and live within the home. It is issued only after the local municipality has made all inspections and all monies and fees have been paid.
Co-housing	Individual housing units that are clustered around a common building where residents share cooking and other activities.
Co-housing	Individual housing units that are clustered around a common building where residents share cooking and other activities.
Co-insurance	Coverage that involves the use of two or more insurers..
Co-insurance	Coverage that involves the use of two or more insurers..
Co-maker	A person who signs a promissory note with the borrower and assumes responsibility for the loan.
Co-maker	A person who signs a promissory note with the borrower and assumes responsibility for the loan.
Co-signer	A second party who signs a promissory note and takes responsibility for the debt.
Co-signer	A second party who signs a promissory note and takes responsibility for the debt.
Coating	A layer of any liquid product spread over a surface for protection
Codicil	A change to a will that adds or subtracts provisions or clarifies portions of the document.
Codicil	A change to a will that adds or subtracts provisions or clarifies portions of the document.
Cohesive Failure	Internal splitting of a compound resulting from over-stressing of the compound.
Coign	The cornerstone of a building that differs in shape or color from the rest of the wall.
Cold air return	The ductwork (and related grills) that carries room air back to the furnace for re-heating.
Cold Applied	Products that can be applied without heating. These are in contrast to products which need to be heated to be applied.
Cold Patch	In roofing, a roof repair done with cold applied material.
Collar	Preformed flange placed over a vent pipe to seal the roofing above the vent pipe opening. Also called a vent sleeve.
Collar beam	The structural element that connects roof rafters.
Collar beam	Nominal 1- or 2-inch-thick members connecting opposite roof rafters. They serve to stiffen the roof structure
Collateral security	Additional security that a borrower supplies to obtain a loan.
Collateral security	Additional security that a borrower supplies to obtain a loan.
Collection	The series of steps a lender takes to bring a delinquent mortgage up to date.
Collection	The series of steps a lender takes to bring a delinquent mortgage up to date.
Collusion	The action of two or more people to break the law.
Collusion	The action of two or more people to break the law.
Colonia	Unincorporated communities along the U.S.-Mexico border.
Colonia	Unincorporated communities along the U.S.-Mexico border.
Column	A slender upright structure that consists of a base, a round or square shaft and a capital.
Column	A vertical structural compression member which supports loads.
Column footing	The support base for a load-bearing column. The footing is usually made of reinforced concrete.
Combination door	An outer door with interchangeable screen and glass panels.
Combination window	A window with interchangeable screen and glass panels.
Combustion air	The duct work installed to bring fresh, outside air to the furnace and/or hot water heater. Normally 2 separate supplies of air are brought in: One high and One low.
Combustion chamber	The part of a boiler, furnace or woodstove where the burn occurs; normally lined with firebrick or molded or sprayed insulation.
Commercial bank	A financial institution that provides a broad range of services, from checking and savings accounts to business loans and
Commercial bank	A financial institution that provides a broad range of services, from checking and savings accounts to business loans and
Commercial property	An area that is zoned for businesses.
Commercial property	An area that is zoned for businesses.
Commingling	The mixing of money held in trust with other funds.
Commingling	The mixing of money held in trust with other funds.
Commission	The negotiable percentage of the sales price of a home that is paid to the agents of the buyer and seller.
Commission	The negotiable percentage of the sales price of a home that is paid to the agents of the buyer and seller.
Commitment	A pledge, promise, or firm agreement, such as a title insurer’s contractual obligation to insure title to real property.
Commitment	A pledge, promise, or firm agreement, such as a title insurer’s contractual obligation to insure title to real property.
Commitment fee	The fee a lender charges for promising to make a loan.
Commitment fee	The fee a lender charges for promising to make a loan.
Common area	An area inside a housing development that is owned by all residents.
Common area	An area inside a housing development that is owned by all residents.
Common law	A body of laws based on custom, usage and rulings by courts in various jurisdictions.
Common law	A body of laws based on custom, usage and rulings by courts in various jurisdictions.
Common-area assessments	Fees paid by the owners of a condominium project or planned-unit development to maintain, repair, improve or operate common
Common-area assessments	Fees paid by the owners of a condominium project or planned-unit development to maintain, repair, improve or operate common
Common-interest development	A project composed of individually owned units that share usage and financial responsibility for common areas.
Common-interest development	A project composed of individually owned units that share usage and financial responsibility for common areas.
Community Property	Property acquired after marriage by either a husband and/or wife, other than by gift, or as in heir, legatee or devisee.
Community Property	Property acquired after marriage by either a husband and/or wife, other than by gift, or as in heir, legatee or devisee.
Community Reinvestment Act	A federal law that encourages financial institutions to loan money in the neighborhoods where minority depositors live.
Community Reinvestment Act	A federal law that encourages financial institutions to loan money in the neighborhoods where minority depositors live.
Commute	The distance and time it takes a person to reach the workplace.
Commute	The distance and time it takes a person to reach the workplace.
Comparables	Properties used as comparisons to determine the value of a certain property.
Comparables	Properties used as comparisons to determine the value of a certain property.
Comparative market analysis	An estimate of the value of a property based on an analysis of sales of properties with similar characteristics.
Comparative market analysis	An estimate of the value of a property based on an analysis of sales of properties with similar characteristics.
Competent	A term for a buyer who is legally fit to enter into a sales contract.
Competent	A term for a buyer who is legally fit to enter into a sales contract.
Compound interest	The interest paid on the principal balance in a mortgage and on the accrued and unpaid interest of the loan.
Compound interest	The interest paid on the principal balance in a mortgage and on the accrued and unpaid interest of the loan.
Compression web	A member of a truss system which connects the bottom and top chords and which provides downward support.
Compressor	A mechanical device that pressurizes a gas in order to turn it into a liquid, thereby allowing heat to be removed or added. A compressor is the main component of conventional heat pumps and air conditioners. In an air conditioning system, the compressor normally sits outside and has a large fan (to remove heat).
Concrete	The mixture of Portland cement, sand, gravel, and water. Used to make garage and basement floors, sidewalks, patios, foundation walls, etc. It is commonly reinforced with steel rods (rebar) or wire screening (mesh).
Concrete block	A hollow concrete 'brick' often 8" x 8" x 16" in size.
Concrete board	A panel made out of concrete and fiberglass usually used as a tile backing material.
Concrete tilt-up	The process of pouring concrete into forms on the ground, allowing the forms to harden and then raising the material to a vertical position to form walls.
Condemnation	The process the government uses to take private property for public use without the consent of the owner.
Condemnation	The process the government uses to take private property for public use without the consent of the owner.
Condensate line	The copper pipe that runs from the outside air conditioning condenser to the inside furnace ( where the a/c coil is located).
Condensing unit	The outdoor component of a cooling system. It includes a compressor and condensing coil designed to give off heat.
Conditional commitment	A promise by a lender to make a loan if the borrower meets certain conditions.
Conditional commitment	A promise by a lender to make a loan if the borrower meets certain conditions.
Conditions, Convenants, and Restrictions (CC and R	The standards that define how a property may be used and the protections the developer makes for the benefit of all owners in a subdivision.
Condominium	A multifamily or other structure in which units are individually owned and in which owners of the units also own an undivided interest in common areas.
Condominium	A multifamily or other structure in which units are individually owned and in which owners of the units also own an undivided interest in common areas.
Condominium conversion	The change in title from a single owner of an entire project or building to multiple owners of individual units.
Condominium conversion	The change in title from a single owner of an entire project or building to multiple owners of individual units.
Conduction	The direct transfer of heat energy through a material
Conductivity	The rate at which heat is transmitted through a material.
Conduit	A metal pipe that houses electrical wiring.
Conduit, electrical	A pipe, usually metal, in which wire is installed.
Consent judgment	A binding written agreement between two parties to have a judgment entered and recorded.
Consent judgment	A binding written agreement between two parties to have a judgment entered and recorded.
Conservator	A court-appointed guardian.
Conservator	A court-appointed guardian.
Consideration	Anything that is legal, has value and induces a person to enter into a contract.
Consideration	Anything that is legal, has value and induces a person to enter into a contract.
Construction budget	The funding that an owner arranges for the construction of a project.
Construction budget	The funding that an owner arranges for the construction of a project.
Construction Contract	A legal document which specifies the what-when-where-how-how much and by whom in a construction project. A good construction contract will include: 1. The contractors registration number. 2. A statement of work quality such as 'Standard Practices of the Trades' or 'according to Manufacturers Specifications'. 3. A set of Blue Prints or Plans 4. A construction timetable including starting and completion dates. 5. A set of Specifications 6. A Fixed Price for the work, or a Time and Materials formula. 7. A Payment Schedule. 8. Any Allowances. 9. A clause which outlines how any disputes will be resolved. 10. A written Warrantee.
Construction documents	Drawings and specifications from an architect that provide detailed requirements for the construction of a project.
Construction documents	Drawings and specifications from an architect that provide detailed requirements for the construction of a project.
Construction loan	Short-term loans a lender makes for the construction of homes and buildings. The lender disburses the funds in stages.
Construction to permanent loan	The conversion of a construction loan to a longer-term traditional mortgage after construction has been completed.
Construction to permanent loan	The conversion of a construction loan to a longer-term traditional mortgage after construction has been completed.
Construction, frame	A type of construction in which the structural components are wood or depend upon a wood frame for support.
Consumer Credit Counseling Service (CCCS)	A nationwide, nonprofit organization that helps consumers get out of debt and improve their credit profile. National headquarters: 8701 Georgia Avenue., Suite 507, Silver Springs, MD 20910. Phone: (800) 388-2227.
Consumer Credit Counseling Service (CCCS)	A nationwide, nonprofit organization that helps consumers get out of debt and improve their credit profile. National headquarters: 8701 Georgia Avenue., Suite 507, Silver Springs, MD 20910. Phone: (800) 388-2227.
Contemporary style	A design that features streamlined shapes, large unadorned windows and industrial materials.
Contemporary style	A design that features streamlined shapes, large unadorned windows and industrial materials.
Contiguous lots	Pieces of property that are adjoined.
Contiguous lots	Pieces of property that are adjoined.
Contingency	Dependent upon conditions or events specified but not yet accomplished. A property may be sold contingent upon the seller or buyer meeting a predetermined condition mutually agreed upon.
Contingency	Dependent upon conditions or events specified but not yet accomplished. A property may be sold contingent upon the seller or buyer meeting a predetermined condition mutually agreed upon.
Contingency listing	A property listing with a special condition attached.
Contingency listing	A property listing with a special condition attached.
Contingent fee	A fee that must be paid if a certain event occurs.
Contingent fee	A fee that must be paid if a certain event occurs.
Continuity tester	A device that tells whether a circuit is capable of carrying electricity.
Contract	An agreement between two or more parties that creates or modifies an existing relationship.
Contract	An agreement between two or more parties that creates or modifies an existing relationship.
Contract for deed	A contract in which the seller agrees to defer all or part of the purchase price for a specified period of time.
Contract for deed	A contract in which the seller agrees to defer all or part of the purchase price for a specified period of time.
Contract of sale	An agreement entered into for the purchase of real property where title remains in the seller’s name until all conditions of the contract have been fulfilled.
Contract of sale	An agreement entered into for the purchase of real property where title remains in the seller’s name until all conditions of the contract have been fulfilled.
Contract to purchase	A contract the buyer initiates which details the purchase price and conditions of the transaction and is accepted by the seller. Also known as an agreement of sale.
Contract to purchase	A contract the buyer initiates which details the purchase price and conditions of the transaction and is accepted by the seller. Also known as an agreement of sale.
Contractor	The individual who contracts for the construction of a home or project.
Contractor	The individual who contracts for the construction of a home or project.
Contractor	A Company licensed to perform certain types of construction activities. In most states, the generals contractor's license and some specialty contractor's licenses don't require of compliance with bonding, workmen's compensation and similar regulations. Some of the specialty contractor licenses involve extensive training, testing and/or insurance requirements. There are various types of contractors: • General contractor - responsible for the execution, supervision and overall coordination of a project and may also perform some of the individual construction tasks. Most general contractors are not licensed to perform all specialty trades and must hire specialty contractors for such tasks, e.g. electrical, plumbing. • Remodeling contractor - a general contractor who specializes in remodeling work. • Specialty contractor - licensed to perform a specialty task e.g. electrical, side sewer, asbestos abatement. • Sub contractor - a general or specialty contractor who works for another general contractor.
Contractual lien	A voluntary obligation such as a mortgage or trust deed.
Contractual lien	A voluntary obligation such as a mortgage or trust deed.
Control joint-	Tooled, straight grooves made on concrete floors to "control" where the concrete should crack
Controlled growth	Any restrictions imposed on the amount or type of new development in an area.
Controlled growth	Any restrictions imposed on the amount or type of new development in an area.
Convection	Currents created by heating air, which then rises and pulls cooler air behind it. Also see radiation
Conventional Loan	A mortgage loan not connected by a guarantee by the Veterans Administration (VA) or insured by the Federal Housing Administration(FHA).
Conventional Loan	A mortgage loan not connected by a guarantee by the Veterans Administration (VA) or insured by the Federal Housing Administration(FHA).
Conventional loan	A mortgage loan not insured by a government agency (such as FHA or VA)
Convertibility	The ability to change a loan from an adjustable rate schedule to a fixed rate schedule.
Convertible adjustable-rate mortgage	A mortgage which starts as an adjustable-rate loan, but allows the borrower to convert the loan to a fixed-rate mortgage during a specified period of time.
Convertible adjustable-rate mortgage	A mortgage which starts as an adjustable-rate loan, but allows the borrower to convert the loan to a fixed-rate mortgage during a specified period of time.
Conveyance	A written document that transfers title to an asset from one person to another. A deed and an assignment are both conveyances, as is a bill of sale.
Conveyance	A written document that transfers title to an asset from one person to another. A deed and an assignment are both conveyances, as is a bill of sale.
Conveyance tax	A tax imposed on the transfer of real property.
Conveyance tax	A tax imposed on the transfer of real property.
Cooling load	The amount of cooling required to keep a building at a specified temperature during the summer, usually 78° F, regardless of outside temperature.
Cooperating broker	A real estate broker who finds a buyer for a property that another broker has listed.
Cooperating broker	A real estate broker who finds a buyer for a property that another broker has listed.
Cooperative corporation	A business trust that holds the title to a cooperative residential building and grants occupancy rights to shareholders in the
Cooperative corporation	A business trust that holds the title to a cooperative residential building and grants occupancy rights to shareholders in the
Cooperative mortgages	Any loans related to a cooperative residential project.
Cooperative mortgages	Any loans related to a cooperative residential project.
Cooperative project	A project in which a corporation holds title and sells shares representing individual units to buyers who then receive a proprietary lease as their title.
Cooperative project	A project in which a corporation holds title and sells shares representing individual units to buyers who then receive a proprietary lease as their title.
Coped	Removing the top and bottom flange of the end(s) of a metal I-beam. This is done to permit it to fit within, and bolted to, the web of another I-beam in a "T" arrangement
Coped joint	Cutting and fitting woodwork to an irregular surface.
Corbel	The triangular, decorative and supporting member that holds a mantel or horizontal shelf.
Corner bead	A reinforcement placed in the corner where two walls intersect.
Corner bead	A strip of formed sheet metal placed on outside corners of drywall before applying drywall 'mud'.
Corner boards	Used as trim for the external corners of a house or other frame structure against which the ends of the siding are finished.
Corner braces	Diagonal braces at the corners of the framed structure designed to stiffen and strengthen the wall.
Corner influence	The effect on the value of a property because it is situated on a corner or near a corner.
Corner influence	The effect on the value of a property because it is situated on a corner or near a corner.
Cornice	A horizontal molding that projects from the top of a structure or wall.
Cornice	Overhang of a pitched roof , usually consisting of a fascia board, a soffit and appropriate trim moldings
Corporate relocation	An arrangement by which employers pay to transfer and move employees.
Corporate relocation	An arrangement by which employers pay to transfer and move employees.
Corrective work	Necessary or desired repairs to remedy problems uncovered by a home or specialized inspection.
Corrective work	Necessary or desired repairs to remedy problems uncovered by a home or specialized inspection.
Corrosion	The deterioration of metal by chemical or electrochemical reaction resulting from exposure to weathering, moisture, chemicals or other agents or media.
Corrugated	Folded or shaped into parallel ridges or furrows so as to form a symmetrically wavy surface.
Cost-plus contract	A construction contract that determines the builder's profit based on a percentage of the cost of labor and materials.
Cost-plus contract	A construction contract that determines the builder's profit based on a percentage of the cost of labor and materials.
Cottage	A small, one-story house.
Counter flashing	A metal flashing usually used on chimneys at the roofline to cover shingle flashing and used to prevent moisture entry.
Counterfort	A foundation wall section that strengthens (and generally perpendicular to) a long section of foundation wall
Counteroffer	A response to an offer.
Counteroffer	A response to an offer.
Coupling	In plumbing, a short collar with only inside threads at each end, for receiving the ends of two pipes which are to be fitted and joined together. A right/left coupling is one used to join 2 gas pipes in limited space.
Course	A row of shingles or roll roofing running the length of the roof. Parallel layers of building materials such as bricks, or siding laid up horizontally.
Cove molding	A molding with a concave face used as trim or to finish interior corners.
Covenant	A legal assurance or promise in a deed or other document, or implied by the law.
Covenant	A legal assurance or promise in a deed or other document, or implied by the law.
Covenants, conditions and restrictions (CC&Rs)	Rules and regulations for a development, such as acceptable landscaping or improvements that can be made to individual
Covenants, conditions and restrictions (CC&Rs)	Rules and regulations for a development, such as acceptable landscaping or improvements that can be made to individual
Craftsman style	An architectural style that evolved as part of the Arts and Craft movement near the turn of the century.
Crawl space	The space between the ground and the first floor of a home, usually no higher than four feet.
Crawl space	The space between the ground and the first floor of a home, usually no higher than four feet.
Crawl space	A shallow space below the living quarters of a house, normally enclosed by the foundation wall and having a dirt floor.
Creative financing	Innovative home-financing arrangements that help sell a property.
Creative financing	Innovative home-financing arrangements that help sell a property.
Credit	The money a lender extends to a buyer for a commitment to repay the loan within a certain time frame.
Credit	The money a lender extends to a buyer for a commitment to repay the loan within a certain time frame.
Credit history	A record of an individual's current and past debt payments.
Credit history	A record of an individual's current and past debt payments.
Credit life insurance	Insurance that pays off a mortgage in the event of the borrower's death.
Credit life insurance	Insurance that pays off a mortgage in the event of the borrower's death.
Credit rating	The degree of credit worthiness assigned to a person based on credit history and financial status.
Credit rating	The degree of credit worthiness assigned to a person based on credit history and financial status.
Credit report	A credit bureau report that shows a loan applicant's history of payments made on previous debts. Several companies issue credit reports, but the three largest are Trans Union Corp., Equifax and Experian (formerly TRW ).
Credit report	A credit bureau report that shows a loan applicant's history of payments made on previous debts. Several companies issue credit reports, but the three largest are Trans Union Corp., Equifax and Experian (formerly TRW ).
Credit repository	Large companies that gather financial and credit information from various sources about individuals who have applied for
Credit repository	Large companies that gather financial and credit information from various sources about individuals who have applied for
Credit union	Nonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members.
Credit union	Nonprofit cooperative organizations that provide banking and financial services, including mortgages, home improvement loans and home equity loans, to their members.
Creditor	An individual or institution to whom a debt is owed.
Creditor	An individual or institution to whom a debt is owed.
Cricket	A second roof built on top of the primary roof to increase the slope of the roof or valley. A saddle-shaped, peaked construction connecting a sloping roof with a chimney. Designed to encourage water drainage away from the chimney joint.
Cripple	Short vertical "2 by 4's or 6's" frame lumber installed above a window or door.
Cross bridging	Diagonal bracing between adjacent floor joists, placed near the center of the joist span to prevent joists from twisting.
Cross Tee	Short metal "T" beam used in suspended ceiling systems to bridge the spaces between the main beams.
Cross-bridging	The strengthening of a structure by bracing cross members between beams.
Cross-bridging	The strengthening of a structure by bracing cross members between beams.
Crown molding	A molding used on cornice or wherever an interior angle is to be covered, especially at the roof and wall corner.
Cul de sac	A street or alley that is closed at one end.
Cul de sac	A street or alley that is closed at one end.
Culvert	Round, corrugated drain pipe (normally 15" or 18" in diameter) that is installed beneath a driveway and parallel to and near the street.
Cupola	A dome-like structure that sits on top of a roof.
Cupping	A type of warping that causes boards to curl up at their edges.
Curable defect	A deficiency in a property that is easy or inexpensive to fix, such as chipping paint.
Curable defect	A deficiency in a property that is easy or inexpensive to fix, such as chipping paint.
Curb	The short elevation of an exterior wall above the deck of a roof. Normally a 2 by 6 box (on the roof) on which a skylight is attached.
Curb appeal	The first impression of a house as seen from the street.
Curb appeal	The first impression of a house as seen from the street.
Curb stop	Normally a cast iron pipe with a lid (@ 5" in diameter) that is placed vertically into the ground, situated near the water tap in the yard, and where a water cut-off valve to the home is located (underground). A long pole with a special end is inserted into the curb stop to turn off/on the water
Curing	In concrete application, the process in which mortar and concrete harden. The length of time is dependent upon the type of cement, mix proportion, required strength, size and shape of the concrete section, weather and future exposure conditions. The period may be 3 weeks or longer for lean concrete mixtures used in structures such as dams or it may be only a few days for richer mixes. Favorable curing temperatures range from 50 to 70 degrees F. Design strength is achieved in 28 days.
Curing Agent	One part of a multi-part sealant which, when added to the base, will cause the base to change its physical state by chemical reaction between the two parts.
Curtain wall	An exterior wall that encloses a yard or other area but does not provide any structural support to a home.
Curtain Wall	A thin wall, supported by the structural steel or concrete frame of the building independent of the wall below. Also a metal (most often aluminum) framing system on the face of a building containing vision glass panels and spandrel panels made of glass, aluminum, or other material.
Custom builder	A builder who constructs a home or building based on plans created by the owner.
Custom home	A structure designed by an architect hired by the owner.
Cut Off	A piece of roofing membrane consisting of one or more narrow plies of felt usually moped in hot to seal the edge of insulation at the end of a day's work.
Cut-in brace	Nominal 2-inch-thick members, usually 2 by 4's, cut in between each stud diagonally.
Cutback	In roofing, basic asphalt or tar which has been "cut back" with solvents and oils so that the material become fluid.

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