A specific limit defined by most adjustable rate loans (ARMs) for the maximum amount the interest rate may increase at each regularly scheduled interest rate adjustment date. This limit may differ …
Sump Pump
A pump that moves water from a basement sump pit. …
Surround
The material surrounding a bathtub or shower. …
Survey
A precise measurement of a piece of property by a licensed surveyor. …
Swale
A wide, shallow depression in the ground designed to channel drainage of rainwater. …
Sweat Equity
The non-cash value added to a piece of property by the owner, such as do-it-yourself home improvements. …