Formica


Definition of "Formica"

Trade name by the American Cyanamid Corporation for a plastic laminate surfacing material widely used on furniture, counter tops and wall coverings. Formica is hard, durable, and resistant to water, alcohol and stains.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Life Insurance Illustrations Model Regulation

Regulation set forth by the national association of insurance commissioners (naic) to govern life in ...

Interest Rate Cap

Upper limit on the maximum possible interest rate an insurance company will pay. If the market inter ...

Teaser Rate

An enticingly attractive initial rate below the market offered in an adjustable rate mortgage. For e ...

Forward Commitment Risk

Risk incurred by the insurance company after it makes the commitment to make the loan at some future ...

Capital Recapture

(1) Return of the principal invested in real estate. It excludes income earned. (2) Collection of a ...

Contract Specifications

Details of a contract of sale including a financial statement, legal description, type of deed, plac ...

Related Real Estate FAQ

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

What Are Jumbo Mortgages?

Jumbo mortgages are mortgages larger than the limits set by Fannie Mae and Freddie Mac. A jumbo mort ...

What Are Closing Costs?

Closing costs are expenses incurred by buyers and sellers in transferring ownership of a property. ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Is A Gated Community?

A gated community is a community of homes where you must pass through a security gate in order to en ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Is it better to buy or sell a home first How is Square Footage Determined? 3 tips to ensure your sale goes through How Does The Home Loan Underwriting Process Work? What do Real Estate Attorneys do?

FAQ

What is a conventional mortgage? What does Travel Insurance Typically Cover? What is a commitment letter? What is an appreciation? What is equity?