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. …
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. …
Overflow Prevention Switch
A special air-pressure switch in a dehumidifier that turns the unit off when water in the reservoir rises to a certain level. …
Overhang
A protruding structural feature. …