Dictionary

Home Equity Loan

Definition:   A mortgage secured by a personal residence.  It provides a line of credit available for draws when needed by the homeowner. Pronunciation:   \ˈe-kwə-tē\ Used in a Sentence:   We took...

Hip Roof

Definition:  A pitched roof with sloping sides and ends. Pronunciation: Used in a Sentence:   The house was designed with a hip roof.

Highest And Best Use

Definition:    An appraisal term that focuses on the most profitable legal use to which a property can be put. Pronunciation: Used in a Sentence:   The vacant lot located in...

Health Ordinance

Definition:  Local codes that regulate maintenance and sanitation of public places. Pronunciation:  \ˈhelth\ \ˈȯrd-nən(t)s, ˈȯr-də-nən(t)s\ Used in a Sentence:   The health ordinance mandated the park have public restroom facilities.

Hazard Insurance

Definition:   A property insurance policy that indemnifies against loss resulting from physical damage to property due to hazards such as fire, flood and windstorm. Pronunciation:  \ˈha-zərd\\in-ˈshu̇r-ən(t)s\ Used in a Sentence: ...

Handicap Status

Definition:   A protected class as defined in the Fair Housing Act and the American with Disabilities Act consisting of a physical or mental impairment that substantially limits one or more...