In plumbing, a curved section of drainpipe that fills with water, providing a liquid seal to prevent the emission of sewage gases. A trap is the U- or S-shaped section of drainpipe directly beneath …
Tray Ceiling
A tray ceiling has edges that slant toward the middle from the walls. …
Total Monthly Housing Costs
The sum of principal, interest, property taxes, and if applicable, private mortgage insurance (PMI) and either hazard insurance or homeowners' association dues. …
Tread
The flat part of a stair step. …
Total of All Payments
The total cost of the loan, including repayment of the principal amount and the sum of monthly interest payments. …
Total Paid at Closing
All closing costs, prepaid fees, and the down payment. The lender may require you to demonstrate extra cash reserves equal to two months' worth of housing expenses as well. …