Round rubber washer used to create a watertight seal, chiefly around valve stems.
A course-grained hardwood used extensively in flooring, furniture, and trim.
Loosely woven hemp rope that has been treated with oil or other waterproofing agent; it is used to caulk joints in a bell and spigot pipe and fittings.
Overall rate of capitalization is the percentage relationship of net operating income divided by the purchase price of property. Net operating income (NOI) of property relative to its market value. If rental income property worth $1,000,000 results in a NOI of $100,000, the overall return is 10%. NOI compared to the initial cost of the property as distinguished from its market price.
Opinion of a judge having no direct legal or binding effect on the outcome of a pending judicial decision. An obiter dictum is considered to be an incidental judicial remark about some point that may or may not be directly relevant to the matter before the bench.
The legal requirement of a debtor, obligor, to pay a debt and the legal right of a creditor, obligee, to demand satisfaction of a debt or enforce payment in the event of default.
The person to whom a debt or obligation is owed.
The person responsible for paying a debt or obligation; one who has engaged to perform some obligation; one who has made a bond.
Not parallel or perpendicular. Not having a right angle.
A drawing showing an object as seen from the front at an angle.