Natural stone, which is, recrystalized limestone, which is both durable and beautiful. Marble can stand heavy use but can be stained or scratched. It is also brittle and must be handles carefully during installation. Dark marble is harder than light or white marble. More commonly used for fireplace mantels, counter tops or as flooring, it can also be used on the exterior of a building.
1. A constant amount added to the value of the index for the purpose of adjusting the interest rate on an adjustable rate mortgage.
2. Percentage added to the index of a loan and fixed for the life of that loan. Once the initial interest rate on an adjustable-rate loan expires, the interest rate moves toward the sum of its index plus a margin.
3. Border around something.
4. Ability beyond a normal range.
The additional worth or utility received when purchasing an additional unit of a commodity or service identical to the one being purchased. There is often no need for the second item; therefore its value is marginal.
Method of appraising real estate based on a market comparison of neighboring properties having similar characteristics to ascertain what it could cost to substitute a similar property for the current one.
Independently appraised value of real estate in a free competitive market. The highest price a buyer would pay and the lowest price a seller would accept, assuming that both were willing but not compelled to do so.
Tool to mark a straight line on a surface parallel to the surface edge or to transfer dimensions from one piece to another. The shaft has graduations marked in 16ths of an inch with a pointer that projects down from one end to mark the line. The shaft fits through a collar, which lock along the shaft. When a dimension is to be transferred, the collar is set at that dimension. The collar moves along the edge of the work and the pointer marks a line parallel to the edge, one inch in.