Real estate terms listed in online real estate dictionary.

A GLOSSARY OF REAL ESTATE TERMS

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Word List

Definitions

PITI
PMI
Package loan
Panel heating
Panic peddling
Panic selling
Par value
Parallels
Paramount title
Parapet
Parcel
Parcel of real estate
Parity equality
Parking lot
Parking ratio
Parol evidence
Parol evidence rule
Parquet floor
Partial reconveyance deed
Partial release clause
Partial taking
Partially amortized loan
Participation loan
Partition action
Partnership
Party or Parties
Party wall
Pass-through securities program
Passive activity income
Patent
Patent deed
Payback period
Payment adjustment date
Payment cap
Payment rate
Payoff statement
Pedestrian count
Pedestrian traffic count
Penalty
Pennsylvania farmhouse
Penthouse
Per Se
Per capita
Per stirpes
Percentage
Percentage lease
Percolation
Percolation test
Percolation water
Perfecting title
Performance
Performance bond
Perimeter
Perimeter heating
Periodic estate
Periodic interest rate cap
Periodic tenancy
Permanent lender
Permanent loan
Permit
Perpetual easement
Perpetuity
Person
Personal liability
Personal property
Personal representative
Personal residence
Personalty
Phase I environmental site assessment
Phase II
Phase III
Physical deterioration
Physical life
Pi
Pi constant
Pier
Pitch
Plaintiff
Planned Unit Development
Planned Unit Development, PUD
Planned development
Planning
Planning commission
Plat
Plat _1
Plat book
Plat book designation
Plat map
Pledge
Pledgee
Pledgor
Plenum
Plot plan
Plottage
Plottage increment
Plus interest
Plywood
Pocket card
Point Of Beginning, BOP
Points
Police power
Portfolio income
Portico
Possession
Potable
Potentially Responsible Parties, PRP
Power of attorney
Power of sale
Prairie house
Preapproval
Preclosing
Prefabricated house
Preferred stock
Preliminary Report
Preliminary title report
Premises
Premium
Prepaid interest
Prepaid items of expense
Prepayment
Prepayment clause
Prepayment penalty
Prepayment yield
Prequalification
Prerogative
Presale
Prescription
Present value
Preservation district
Presumption
Price
Price fixing
Price level
Price-level-adjusted mortgage
Prima facie
Primary financing
Primary lease
Primary mortgage market
Primary residence
Prime rate
Prime tenant
Principal
Principal and Interest payment
Principal and Interest payment, P&I
Principal balance
Principal broker
Principal meridian
Principal note
Principal residence
Principal, Interest, Taxes and Insurance
Principal, Interest, Taxes and Insurance, PITI
Principle of anticipation
Principle of balance
Principle of change
Principle of competition
Principle of conformity
Principle of contribution
Principle of increasing and diminishing returns
Principle of progression
Principle of regression
Principle of substitution
Principle of supply and demand
Principle of surplus productivity
Prior appropriation
Prior lien
Priority
Priority inspection
Priority of lien
Private Mortgage Insurance
Private Mortgage Insurance, PMI
Private grant
Private offering
Private restriction
Private sector
Privity
Privity of contract
Pro forma statement
Pro rata
Probate
Probate Court
Probate sale
Procuring cause
Profit
Profit a prendre
Profit and Loss statement, P&L
Progress payments
Progressive tax
Promisee
Promissory note
Promotional note
Property
Property brief
Property line
Property management
Property manager
Property owners association
Property reports
Property residual technique
Property services
Property tax
Proportion
Proposition
Proprietary lease
Proprietorship
Prorate
Proration
Proration of taxes
Prospectus
Protected class
Proximate cause
Proxy
Public Housing Administration
Public dedication
Public domain
Public grant
Public housing
Public lands
Public property
Public records
Public restriction
Public sector
Public trustee
Pueblo or adobe house
Puffing
Punch list
Punitive damages
Pur autre vie
Purchase agreement
Purchase and installment saleback
Purchase and leaseback
Purchase contract
Purchase money mortgage
Purchase of land, leaseback and leasehold mortgages
Purchase on contract
Purchasing power risk
Purpose of appraisal
Pyramiding

You chose: Package loan

A type of mortgage used in home financing that is inclusive and covers the real property and the improvements as well as any movable mechanical or electrical equipment

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