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Draw
Draw A payment, made periodically, to a construction contractor or subcontractor as work progresses. A draw is part of a construction loan.
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Contractor
In the construction industry, a contractor is one who contracts to erect buildings or portions of them.
Subcontractor
A contractor working under and being paid by the general contractor, often a specialist in nature, such as an electrical contractor, cement contractor, etc.
Draw
A payment, made periodically, to a construction contractor or subcontractor as work progresses. A draw is part of a construction loan.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
SIMILAR TERMS--------------------------------------
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Down spouts
A vertical gutter that empties water from the roof to the ground.
DOWNREIT
An organizational structure that makes it possible for REITs to buy properties using partnership units. The effect is the same as an UPREIT, however, the DOWNREIT is subordinate to the REIT itself, hence the name.
Downzoning
A change in zoning from a higher to a lower classification or from a more active to less active classification, such as from residential to conservation, or multifamily to single-family use.
Dragnet clause
A clause in a mortgage or deed of trust which places the real estate as security for existing debts between the parties.
Drainage
A system of gutters and drainpipes that carry water away from the foundation of a house.
Draw
Draw period
On a line of credit, the draw period is the fixed time when a borrower can make withdrawals from the account.
Draws
1) An advancement of money against future earnings. 2) Periodic advances of funds under a construction loan agreement.
Dropped ceiling
A flat ceiling built lower than the original ceiling.
Dry rot
A fungal decay that causes lumber to crumble.
Drywall
A construction material used as a basis for interior walls in a home.
This dictionary contains 6433 terms. |
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