Glossary of Real Estate Terms

There are 125 entries in this glossary.
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Term Definition
Yield

Yield refers to the effective return on an investment, as paid in dividends or interest.

Yield maintenance premium

This refers to a penalty, which is paid by the borrower and designed to make investors whole in the event of early redemption of principal.

Zero Percent Financing

This is loan with no interest in the contract. Here the IRS imputes 10 percent for both borrower and lender.

Zoning

This refers to the division of a city or town into zones. The application of regulations has to do with the architectural design and structural and intended uses of buildings within such zones.

Zoning ordinance

The set of laws and regulations that controls the use of land and the construction of improvements in a particular region or zone, refers to the "Zoning ordinance".

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