Definition of "Louver"
- Series of sloping horizontal slats most frequently mounted in doors and windows permitting the passage of air while restricting vision and preventing rain from entering the building.
- Fins installed in air conditioning ducts and outlets primarily intended to direct air in specific directions.
Popular Real Estate Terms
Current cost to replace property with an identical property after allowing for the depreciated value of the property. ...
(1) Cash revenue from product sales or services rendered less cash expenses. It is different from accrual earnings. (2) The money available after deducting operating expenses and mortgage ...
Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due date. ...
Written agreement in which the lessee pays rent to the lessor for the use of real property for a stated time period. An example is the tenant's rental of an apartment or office space. ...
Last installment payment, substantially greater than the previous installment payments. The unpaid balance of a long-term loan is paid off in a lump sum at the end of the loan term. ...
In an electrical system, the connection box where all the circuit systems are installed with a series of electrical breakers. The major distribution or collection duct in an ...
Tank placed beneath the ground to accumulate sewage. ...
Borrower's right to redeem his property by immediately paying off the loan balance and any related costs. ...
Ratio of annual mortgage payments divided by the initial principal of the mortgage. This only applies to loans involving constant payment. For example, a $500,000 loan with an annual ...
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