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Real Estate Glossary
Our glossary is the largest dictionary of real estate and construction terms on the Internet with almost 10,000 definitions.
- Connected with financial matters.
- Fiscal Year
- A continuous 12 month time period used for financial reporting, beginning at a certain date and ending one year later.
- Fish Eyes
- Also called cat's eyes, this weld defect has a hole or piece of matter surrounded by a circular area of brightness while a paint defect shows has the circular area of brightness surrounding spots.
- Fish Mouth
- Pulling loose of a roofing seam.
- Fish Oil
- Paint drying agent made from oil from certain fish.
- Fish Plate
- Wood or metal plate which strengthens a joint by spanning and overlapping a butt joint between the two pieces of wood.
- Fish Tape
- Also referred to as fish wire, it is a flexible flat metal wire which is used to push or pull other wires through conduits or other hard to access locations in a structure.
- Fish Wire
- Also referred to as fish tape, it is a flexible flat metal wire which is used to push or pull other wires through conduits or other hard to access locations in a structure.
- Splitting apart. Dividing into two.
- A long, narrow, deep cleft or crack.
- Fittings can perform three functions, continuing straight runs of pipe; allowing pipe to make turns; and permit changing of one type of pipe to another, for example, galvanized to plastic.
- Five C's of Credit
- Character (willingness to pay).
- Capacity (financial cash flow).
- Capital (wealth).
- Collateral (security).
- Conditions (economic status).
- To fasten or attach.
- To make firm, stable or secure.
- To make permanent or lasting.
- A substance that makes something permanent.
- An element that prevents fading or evaporation.
- Something that increases durability. Fixed Permanent. Unmovable.
- Fixed Assets
- Also called long-term assets, they are assets such as office equipment that can be depreciated.
- Fixed Expenses
- Those expenses which remain the same regardless of circumstances.
- Fixed Installment
- Monthly home loan payments.
- Fixed Payment Mortgage
- A loan secured by real estate, which features a periodic payment of interest, and principal, which is constant over the term of the loan. All fixed payment mortgages are fixed rate mortgages, but some fixed rate mortgages may have variable payments, such as a graduated payment mortgage.
- Fixed Rate Mortgage
- Loan with an interest rate that remains at a specific rate for the entire loan. Approximately 75 per cent of home mortgages are this type.
- Fixed Skylight
- Skylight that does not open.
- Fixed Window
- Window that does not open and is used only for ornamentation or light.
- House that needs repair and remodeling and sells at a below market price. Fixing-up Expenses Expenses incurred to enhance the appearance and condition of real estate to prepare it for sale.
- Property that is permanently attached to a house, such as built-in bookcases, and whose removal would cause a loss of value or damage.
- Sinks, toilets, tubs. Plumbing fixtures. Electrical devices connected to electrical current.
- Fixture Branch
- Pipe that carries wastes from non-toilet plumbing fixtures directly to the building drain. It is also called a waste pipe, wet vent, or fixture drain.
- Fixture Drain
- Pipe that carries wastes from non-toilet plumbing fixtures directly to the building drain. It is also called a waste pipe, wet vent, or fixture branch.
- Fixture Unit
- Method of indicating the load of each fixture on the overall plumbing system.