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Public
Address System
Loudspeaker system used in large area to make announcements.
Public
Domain
Land owned by the federal, state or county government that the public
may use, as distinguished from property owned privately by individuals
and businesses. Right to an item belongs to the public at large so anyone
can use it.
Public
Housing
Government-owned housing unites made available to low-income individuals
and families at no cost or for nominal rental rates.
Public
Lands
Acreage held by the government for conservation purposes. Public lands
are generally undeveloped, with limited activities such as grazing, wildlife
management, recreation, timbering, mineral development, water development
and hunting.
Public
Offering
Offering of new securities of a real estate company to the investing public,
after registration requirements have been filed with the SEC.
Public
Record
Governmentally held records of public transactions giving constructive
notice that documentation exists confirming the transaction. In real estate,
deeds, subdivision plats, and assessment record cards are stored by county
and municipal clerks in a publicly available filing system.
Public
Report
A report published by a governmental unit which is publicly available.
Public
Sale
A public foreclosure sale where public notice is given and anyone is allowed
to participate.
Public
Sewer
Also called municipal sewer, it is the main sewer system to which private
sewers are connected.
Public
Syndicate
Group of at least two people or businesses combining to engage in a real
estate project that would exceed their individual financial abilities.
A syndication allows earning to be proportionately shared.
PUD
(planned unit development)
Residential project that features dense clusters of houses surrounded
by areas of open space, owned in common and maintained by a nonprofit
association.
Puddle
The place where the metals fuse together on a molten weld, when heat is
applied.
Puddling
1. Defect where paint is applied too thickly and looks wet.
2. Flooding and saturating loose backfill dirt with water, allowing it
to dry and settle as a means of compacting.
Pueblo
or Adobe
House modeled after the dwellings constructed by the Pueblo Indians in
the American southwest and is made from adobe brick or material simulating
adobe brick. The Pueblo or adobe styled house has roof beams, called viga,
projecting from the walls of the structure.
Puffing
Overstating the value of a property.
Pugging
Coarse mortar that is used to deaden noise transmission when used to fill
openings in masonry.
Pull
Box
Box, with a removable cover for access, which is installed at a junction
where two conduits meet. The box is intended to reduce strain on the wires,
which can be pulled straight through one conduit into the box and reinserted
and pulled through the next section of conduit. Pull boxes are used where
support for the conduits is necessary, such as with long runs.
Pulley
Rotating wheel, which lifts heavy loads or aid in transmitting power,
by use of the belt or cable hat fits into the rim around the wheel.
Pull
Switch
Overhead electrical fixture which is operated by use of a "cord", which
hangs down and is used where having to run the wire through a wall is
difficult.
Pulsed
Power Welding
Electric arc process of welding using computer controlled welding machine,
which emits programmed short pulses of electric power.
Pultrusion
The shaping of an object, such as those made of fiberglass, by pulling
it through a die.
Pulverize
1. To crush or grind into a powder or dust.
2. To break down completely.
Pumice
A spongy, light, porous volcanic rock used in solid or powdered form for
smoothing, scouring, and polishing.
Pump
Any of the various machines that force a liquid or gas into or through,
or draw it out of something, by pressure or suction.
Punch
Round metal tool that has a pointed end, which is used to make indentations
or holes in a material. The point is placed against the object and the
other side is hammered to drive the point into the material or to drive
a nail head even with or below the surface of a board.
Punching
Shear Resistant
The ability of a material to resist damage from normally expected conditions.
Punch
List
List, detailing items to be fixed, which is compiled by a buyer prior
to closing on a property.
Puncture
Resistance
The ability of a material, to perform the function for which it is intended,
by withstanding localized forces which could puncture it.
Punitive
Damages
Also called exemplary damages they are used to penalize the defendant
for bad faith, malice, fraud, violence or evil intent and are designed
as both punishment and as a deterrent for future actions of the defendant.
Pur
Autre Vie
Latin for though the life of another. A life estate in property is granted
to an individual so long as a third party is alive.
Purchase
Agreement
Document that outlines the purchase price and conditions of the transaction.
Purchase
Contract
Legal document binding a buyer to purchase and a seller to sell, a property
for a set price.
Purchase-money
Mortgage (PMM)
Mortgage obtained by a borrower as partial payment for a property. Type
of seller financing which is a mortgage loan from the seller instead of
cash for the purchase price of the real estate.
Purchase
Order
Authorization, in writing, to perform a service or supply a material,
indicating the cost of such.
Purchasing
Power Risk
Risk resulting from possible increases or decreases in price levels that
can substantially impact real estate values.
Purge
The displacement of fluids within a system by use of another fluid or
an inert gas.
Purlin
Horizontal structural member, running at right angles to the rafters that
it is used to support between rafter end points.
Push
Drill
Screwdriver shaped drill that performs when the handle is pushed in the
direction of the work.
Putty
Pliable sealant, any of the several plastic and synthetic materials available,
which is used to seal woodwork, HVAC ducting, glass, etc.
Putty
Coat
The final, smoothed coat of plaster applied to a surface.
Putty
Knife
Also referred to as a taping knife or a drywall knife, it's flat-bladed
and comes in various widths.
PVC
Pipe
Polyvinyl chloride, a lightweight, resilient, chemical resistant, strong
and durable thermoplastics, with an long lifespan, made into piping which
is often used for cold water systems and where chemicals are found. There
is bell and spigot pipe, with a bell on one end, which has an internal
elastomer seal to hold the lubricated plain end of the next piece of pipe,
by making a fluid-tight joint. Solvent cement joint pipe joins the ends
by applying a primer to soften the surface of the material, with the solvent
cement being applied to the pipe end and the inside of the fitting end,
then inserting the pipe into the fitting using a twisting motion to spread
the solvent cement. The cement cures rapidly and the joints fuse together.
Pylon
1. Any towering structure, such as a post, which flanks an entranceway,
supports power lines, marks a course for aircraft, etc.
2. A massive gateway.
Pyramid
Any huge, multi-sided solid structure with a square base and four sloping,
triangular sides that meet at the top, as those built by the ancient Egyptians.
Pyramid
Roof
Roof having four triangular sides forming a point at the top of a pyramid.
A pyramid roof is primarily used for steeples on top of churches or certain
public buildings.
Pyramid
Zoning
Form of zoning regulation permitting all the uses permitted in more restrictive
zoning to also apply to less restrictive zoning. The net effect of pyramid
zoning is to pyramid only a few uses to more restrictive zoning regulations
while allowing the broader base of uses to be applicable in less restrictive
applications.
Pyroxylin
Paint or varnish binder, also called pyroxylin or nitrocellulose, which
is composed from a nitric acid reaction with cellulose fibers.
Pythagorean
Theorem
A mathematical principal used to calculate the length of a triangle's
hypotenuse where the dimensions of the other two sides are known. The
square of the hypotenuse equals the sum of the squares of the other two
sides.
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