Any form of land development or man-made addition, such as the erection of a building or fence, to enhance the value of private property; also an improvement to publicly owned structures, such as a sewer or road.
The act of physically examining and testing a piece of property to ascertain certain information.
|Installment payment |
Periodic payment, usually monthly, of interest and principal on a mortgage or other loan.
A fee paid for the use of money; also a share or right in something.
|Interim financing |
Short-term loan usually made during the construction phase of a building project or until a permanent, long-term loan can be obtained. Also called a construction loan.