Archive for January, 2010
YACHT BASIN – A system of docks and channels used for the keeping of yachts and similar boats.
YARD – (1) A MEASURE OF 36″. (2) The area between the building and property line of a residential property (back yard, side yard, front yard). (3) An enclosure used for a business purpose (lumber yard, etc.).
YARD LUMBER – Lumber generally found in a lumber yard, that is lumber graded for general building purposes.
YIELD – Ratio of income from an investment to the total cost of the investment over a given period of time.
YIELD TO MATURITY – See: Internal Rate Of Return.
Posted in ZANJA (SPANISH) – An irrigation ditch.
ZERO INTEREST MORTGAGE – A note and mortgage under which interest accrues but is not paid until the end of the term of the loan.
ZERO LOT LINE – The construction of a building on any of the boundary lines of a lot. Usually built on the front line, such as a store built to the sidewalk. See also: Zero Side Yard.
ZERO SIDE YARD – The building of a subdivision with each house built on a side boundary line. This gives more usable yard space on a narrow lot. An easement for maintenance is given over a portion of the lot adjoining each house.
ZONE – (1) An area of a county or city in which the use of the land is restricted by law (zoning ordinance). (2) An area designated by a number for the delivery of mail. Zip codes incorporate the zones.
ZONING – The division of a city or county by legislative regulations into areas (zones), specifying the uses allowable for the real property in these areas.
ZONING MAP – A map of a community showing the zones of permitted use under zoning ordinances.
ZONING ORDINANCE – A law (generally at the city or county level) controlling the use of land and construction of improvements in a given area (zone).
ZONING VARIANCE – See: Variance.
ZYGOCEPHALUM – In civil law an inaccurate measure of land. The area of land a yoke of oxen could plow in one day.