Household

Definition of "Household"

Group of people residing in one home, usually consisting of a family.

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Related Real Estate Glossary terms

Rough Hardware

Metal hardware within the construction that is typically not visible, such as bolts, nails, and scr ...

Federal Flood Insurance: Upton-jones Amendment

Amendment that modifies the federal flood insurance program by providing relocation and acquisition ...

Management Survey

Survey of the maintenance requirements for a commercial or industrial rental property for the purpos ...

Section I And II (homeowner's Policy)

Sections of a homeowner policy. Section I relates to the home, contents, and accompanying structures ...

Retainage

Funds earned by the contractor for construction activity but held back by the owner of the property ...

Afforestation

Creating a forest cover on a land area not previously forested. Not only increases the aesthetic val ...

Related Real Estate FAQ

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is A Term?

A term is the length of a loan. ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

What Is A Private Mortgage?

Private mortgage insurance is insurance that protects mortgage lenders against default on loans by p ...

What Is A Rate Lock?

A rate lock is a commitment issued by a lender to a homebuyer or to the mortgage broker guaranteeing ...

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