Binder - A receipt for a deposit to secure the right to purchase a home at an agreed terms by a buyer and seller.
Roughing -in - The initial stage of a plumbing, electrical, heating, carpentry, and/or other project, when all components that won't be seen after the second finishing phase are assembled. See also Heat Rough, Plumbing Rough, and Electrical Rough.
A/C - An abbreviation for air conditioner or air conditioning.
Structural floor - A framed lumber floor that is installed as a basement floor instead of concrete. This is done on very expansive soils.
Principal - The original amount of the loan, the capital.
Latch - A beveled metal tongue operated by a spring -loaded knob or lever. The tongue's bevel lets you close the door and engage the locking mechanism, if any, without using a key. Contrasts with dead bolt.
Short circuit - A situation that occurs when hot and neutral wires come in contact with each other. Fuses and circuit breakers protect against fire that could result from a short.
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