Sanitary Sewer

Definition of "Sanitary sewer"

Sewer whose sole purpose is o carry away domestic waste water.

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Popular Real Estate Terms

Stock In Trade

Inventory that is marketed and sold by an entity. ...

Total Return

Return earned on an investment over a given time period. It includes two basic components- the current yields, such as rental income and capital gains ...

Majority

The minimum age required for legal competency ( in most states 18 years). ...

Equity Of Redemption

Borrower's right to redeem his property by immediately paying off the loan balance and any related costs. ...

Land Development

Same as term development: Process of developing an area by planning and building homes, shopping centers, schools or churches. The development process ...

Abstract

An abridged copy or summary of a document. ...

Popular Real Estate FAQ

What Is A Debt-to-income Ratio?

A debt-to-income ratio is the percentage of a persons monthly earnings used to pay off all debt obligations. ...

What Is A Lien?

A lien is a claim against a property. ...

What Is A Proration?

A proration is the division of certain fees. If the sellers have paid the taxes six months in advance, for example, they may want a portion of that pa ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

What Is Earnest Money?

Earnest money is a deposit you make when you make an offer on a house. ...

What Type Of A Home Is A Condominium?

A condominium is a form of home ownership in which the owner owns the airspace within the walls but doesn't own the actual walls, ceilings, or floors ...