Mechanical systems

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Mechanical systems

Mechanical systems

A house’s heating, cooling, plumbing and electrical apparatus.

SIMILAR TERMS
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Mechanic's lien
A lien created by statute on a specific property for labor or materials contributed to an improvement on that property.

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Material fact
Any fact that is relevant to a person making a decision. Agents must also disclose to buyers material facts about the condition of the property.

Maturity
The date on which the principal balance of a loan, bond, or other financial instrument becomes due and payable.

Maturity date
The date when the total principal balance comes due

Maximum financing
A mortgage made on a property in which the lender’s lowest permissible down payment has been made.

Mean
The average of all items included within a group, calculated by dividing the sum of the individual items, or variates, by the number of variates.

Mechanical systems

Mechanic's lien
A lien created by statute on a specific property for labor or materials contributed to an improvement on that property.

Median
The middle figure in a set of numbers.

Median price
In a given area, the amount paid for a house in which half of the houses in that area sell for less and half sell for more.

Mediation
A process where a neutral third party intervenes between the disputing parties to reach a satisfactory solution.

Meeting of the Minds
When all individuals to a contract agree to the substance and terms of that contract.

This dictionary contains 6433 terms.

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