Termite Shield


Definition of "Termite shield"

Michael Lescher
  RE/MAX Shocase

Aluminum or metal treated barrier that is placed between the concrete and wood of the foundation of a newly constructed building to prevent termites from infesting the wood. Many experts say that such a shield is ineffective because the termites simply go around the shield to get to the wood in the foundation.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Unearned Increment

Unexpected increase in the price of property not due to any effort on the owner's part. An example i ...

Initial Payment

The down payment on the price of a real estate. For example, it is customary to make a down payment ...

Model Furnishings

Interior furnishings included in a model unit. Model furnishings are chosen to highlight the feature ...

Insurance Rate

Amount charged to an insured that reflects expectation of loss for a covered risk; and insurance com ...

Positive Leverage

When the return on borrowed funds exceed the after-tax interest cost. It is profitably using other p ...

Premium Refund

In some life insurance policies, provision that permits the beneficiary, upon the death of the insur ...

Related Real Estate FAQ

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Is A Closing?

The process of finalizing all the dealing associated with the sale and purchase of a home. (Also kno ...

Why Do People Refinance?

People finance to obtain a new loan in order to pay off the existing mortgage or to gain access to t ...

What Is A Conventional Mortgage?

A conventional mortgage is a mortgage made by banks and other lending institutions that is not insur ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of t ...

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 ...

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

7 Tips for a First Time Homebuyer How is Square Footage Determined? What do Real Estate Attorneys do? Build or Buy? That’s the Big Question Why Use a Real Estate Agent?

FAQ

What is an amortization? What do I need to know about Business Insurance? What is the difference between being prequalified and preapproved for a loan? What is title insurance? What is Freddie Mac?