The interest rate that banks and other lending institutions charge other banks or preferred customers.

A second party who signs a loan, along with the borrower, and becomes liable for the debt should the borrower default.

Any areas, such as entryways, foyers, pools, recreational facilities or the like, which are shared by the tenets or owners of property near by. Commonly found in condominium, PUD or office spaces.

Connected to or touching along an unbroken boundary.

A document given by a borrower to a lender, transferring title of the property. Often used to avoid credit-damaging foreclosure procedures.

A municipal restriction on the maximum height of any building or other structure.

The structural member of a roof where the rafters join at the top.

Any means by which the ownership of a property changes hands.

The ratio of the number of properties in an area that have been sold against the number available. Used to show the volatility of a market.

This method of estimating the value of property uses similar properties available in the same market to extract the value of a parcel of land.