Range
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  Range



Range

   1) A measure of the difference between the highest and lowest variates. 2) A strip of land six miles wide, extending north and south and numbered east and west according to its distance from the principal meridian in the rectangular (government) survey system of legal description.

RELATED TERMS
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Land
The earth's surface, extending downward to the center of the earth and upward infinitely into space, including things permanently attached by nature, such as trees and water.

Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.

Meridian
One of a set of imaginary lines running north and south used by surveyors for reference in locating and describing land under the government survey method of property description.

Survey
A property diagram that indicates legal boundaries, easements, encroachments, rights of way, improvement locations, etc.



SIMILAR TERMS
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Rangpur property
Property in Rangpur, Bangladesh. Apartments, flats, houses, offices and other property in Rangpur.



PREVIOUS AND NEXT TERMS
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Rack
Device that holds a suitcase, can be a folding type or may be attached to the wall.

Radon
A naturally occurring gas that is suspected of causing lung cancer.

Rafter
A roof structural support system using "2 by" wood components that are nailed together.

Rammed-earth construction
An alternative building process in which dirt is compacted into large structural frames to create walls.

Ranch style
Modern ranch-style homes, popularized in the 1950s, were championed by such architectural giants as Frank Lloyd Wright.

Range

Rate
Percentage a borrower pays for the use of money, usually expressed as an annual percentage.

Rate cap
The limit on the amount the interest rate can be increased at each adjustment period in an adjustable rate loan.

Rate factor
The number of dollars required to pay off each $1,000 of a mortgage loan.

Rate index
A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes for adjustable-rate mortgages and other variable-rate loans.

Rate lock
A commitment issued by a lender to a borrower or other mortgage originator guaranteeing a specified interest rate for a specified period of time at a specific cost.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

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