Unit of length equal to 1/100 chain (7.92 inches). …
Perch
See pole …
Pole
Unit of length and area. Also known as a perch or rod. As a unit of length, equal to 16.5 feet. As a unit of area, equal to a square with sides one pole long. An acre is 160 square poles. It was …
Rod
See pole …
Rate Commitment
A lenders commitment to offer to hold a specific rate for a certain length of time. Rate commitments can vary from 30 to 180 days. …
Refinance
To pay in full and discharge a mortgage with the proceeds of a new mortgage. …