Income tax term, which applies to the gain on a capital asset, held long enough to qualify for special tax consideration.
Normally a permanent mortgage, which lasts at least ten years.
Lease contract which last for at least 5+ years.
Infrared or radiant heat.
Running or placed lengthwise.
Short, wooden framing member used to support an overhanging portion of a roof. It extends from the wall to support the soffit.
Lookout or lookout block
Extension on a structure which spans the distance from the building's edge to the fly rafter, at the end of the gable extension and supports it and the roof overhang.
(1) Large piece of heated metal, which makes it bendable for shaping. (2) Top Garden Fencing Fence where the tops are rounded looped wire.
Loop pile carpet
Carpet style having a surface made up of uncut loops.
Loose fill insulation
Insulation made from rockwool fibers, fiberglass, cellulose fiber, vermiculite or perlite minerals, and composed of loose fibers or granules can be applied by pouring directly from the bag or with a blower.