Dictionary

Interior

Definition:  A lot that is bounded on either side by another lot (lots located in the middle of a block) Pronunciation:   \in-ˈtir-ē-ər\ Used in a Sentence:    The interior lots...

Interest

Definition:   The sum paid or accrued in return for the use of money. Pronunciation:   \ˈin-t(ə-)rəst\ Used in a Sentence:   The interest rate on home loans has been very low for...

Intensity

Definition:   The concentration of activity (pedestrian or vehicular traffic) used as a means of designating land for commercial use. Pronunciation:   \in-ˈten(t)-sə-tē\ Used in a Sentence:   The purpose of commercial zoning...

Intangible Asset

Definition:   Anything having no material or physical substance, cannot be seen or touched, such as the goodwill of a business. Pronunciation:   \(ˌ)in-ˈtan-jə-bəl\ \ˈa-ˌset\ Used in a Sentence:   Leadership is an intangible...

Insurance Clause

Definition:   A stipulation in a mortgage that requires the mortgagor to obtain and keep current a hazard insurance policy. Pronunciation:   \in-ˈshu̇r-ən(t)s\ \ˈklȯz\ Used in a Sentence:    Our mortgage contract has...

Instrument

Definition:   A formal legal document such as a contract,  deed or will. Pronunciation:   \ˈin(t)-strə-mənt\ Used in a Sentence:   A deed is a written instrument that conveys title to real property....