The amount of principal owed on a loan before a borrower makes any payments. …
Origination Fee
A fee charged by most lenders to cover the direct costs of arranging the loan; also called points. A point is 1 percent of the total loan amount. …
Ostensible Agency
An implied agency relationship not involving a written agreement or documentation. …
Out
An 'out' was ten chains. When counting out long lines, the chain carriers would put a stake at the end of a chain, move the chain and put a stake at the end, and so on until they ran "out" of ten …
Outbuilding
Any barn, shop, shed, or other structure located on a lot in addition to a house or other main building. …
Overflow Plate
A small plate that covers an outlet near the rim of a sink or tub. If the water is left running, this allows it to drain away to prevent overflows. …