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Real Estate Glossary

Infill Land

Located in urban areas, this refers to lands that are generally vacant or undeveloped and often circled by already developed parcels of land. Typically, infill land has already been developed or is in the process of being...

Real Estate Glossary

Cap

This is the maximum acceptable increase for a specified amount of time on an adjustable-rate mortgage. Caps are a risk management tool that serves as protection against increasing interest rates, all the while maintaining the...

Real Estate Glossary

Greenfield Land

This is undeveloped land located in a city or rural area that is used either for agricultural or landscape design. It may also be left to evolve naturally. Greenfield lands are usually considered for urban development.

Real Estate Glossary

High-Tech

This refers to economic activities and sectors geared toward the production and creation of high technology units and the use of modern techniques, devices, and designs in fields such as telecommunications, computers...

Real Estate Glossary

Construction Financing

This is a type of loan that spans for only the short term. It is provided by a lender to fund the real estate construction project. Construction financing typically comes with a floating interest rate. Once the construction is...

Real Estate Glossary

Break-Even Point

Also called the default point, this is the stage wherein a particular investment produces an income that is enough to cover recurring expenditures. It can be stated in monetary terms, as hours of service provided, or as the...

Real Estate Glossary

Debtor

This is any person or business that owes a favor or money to another person or business. In the case of bankruptcy, a debtor is someone who files voluntarily for bankruptcy relief.

Real Estate Glossary

Economic Occupancy

This is the rate of paying tenants for a building. This measurement is typically used by managers and owners to measure their success. The difference between economic occupancy and physical occupancy is that economic occupancy is...