The deepest point in any cross-section of a river or stream channel; the imaginary line that connects the deepest points of all possible cross-sections of a stream or river.

Terms, Definitions, and Concepts: Hydrology, Science, Water

Definition: A bathroom with a toilet, a sink, and either a bathtub or shower (usually a shower rather than a tub).

Terms, Definitions, and Concepts: Real Estate, Construction and Building

Alternate rise and fall, about twice a day, on the water level of a lake or ocean, caused by gravitational pull of the moon on the earth

1. Live trees of merchantable species and sufficient size that they can be profitably harvested and sold. Timber is then milled and made into lumber and other wood products. 2. Forest land covered by trees of suitable size, kind, and quality to be of commercial value.

Timber investment management organizations (TIMOs) are group forms of investment created to oversee the growth and production of timber and other forest products. TIMO's generally take the form of C-corporations, the traditional way that large businesses and investment groups are organized. TIMO's structured as C-corporations (C-corps), however, are at a direct tax disadvantage to other forms of land and business ownership, such as limited liability corporations (LLCs), S-corporations (S-corps), and especially real estate investment trusts (REITs). This is due to the fact that TIMOs and other C-corporations are subject to double taxation - profits are taxed once at the corporate level and again at the individual investor level (as taxes on shareholder dividends).

Terms, Definitions, and Concepts: Finance and Investment, Forestry and Silviculture, Real Estate, Timber Management

The total amount of timber available for harvesting at a given or specified time.

The line above or beyond which trees do not grow, as on mountains or in polar regions

The clause in a contract which emphasizes that punctual performance is an essential requirement of the contract

A modern approach to communal ownership and use of real estate which permits multiple purchasers to buy undivided interests in real property (which is usually in a resort condominium or hotel) with a right to use the facility for a fixed or variable time period

1. The ownership of and right to own real estate.
2. Documentary evidence of real estate ownership in the form of a deed.
3. The set of circumstances that would allow one to recover or retain ownership of real estate if that ownership was challenged in court. These circumstances often include possession of the land and the existence of a recorded deed showing ownership.

An indemnity policy that protects a lender or buyer of real estate against losses due to defects in title.

An examination of the public records to determine the status of the title to a parcel of real property, with special attention paid to the identification of defects or clouds in the title.

A French unit of length that equals to 6 old French 'pieds' or feet, or 6.4 English feet.

A system of land ownership registration and title to real property under which all registered lands are guaranteed indefeasiblie title by the state.
This system was invented in 1858 by Sir Robert Torrens when he was Premier of South Australia. Under this system, a government Registrar of Titles maintains records of land ownership, including Certificates of Title, in an official Land Register. The Torrens system was implemented due to inconsistencies and problems in proving land ownership under commom law. Deeds or other instruments registered under the Torrens system are given legal priority over all other documents, claims, or facts, either recorded or unrecorded.

1. A concentration of houses, etc. somewhat larger than a village 2. in some states, the same as a township

A type of dwelling unit normally having two floors, with the living area and kitchen on the base floor and the bedrooms located on the second floor.

A land measurement used in the government rectangular survey system (U.S. Public Lands Survey). A township is six (6) miles in length on each side, with a total area of 36 square miles. It contains thirty-six (36)sections, each with an area of 640 acres, for a total area of 23,040 acres. Note that due to the curvature of the earth, a correction of 198 feet must be made every 24 miles. Therefore, many townships actually contain less than 36 square miles due to these corrections.

One (1) township is equal to 36 square miles or sections.
One (1) township is equal to six (6) miles square.
One (1) township equals 23,040 acres.
One (1 township equals 1,003,622,400 square feet.
One (1) township equals 93,239,572 square meters.
One (1) township is equal to 111,514,046.5199 square yards.
One (1) township is equal to 3,686,400.0 square rods, poles, or perches.
One (1) township is equal to 230,400.0015 square chains.
One (1) township is equal to 92,160.3695 roods.
One (1) township is equal to 27,271.9933 arpents.
One (1) township is equal to 9,323.9945 hectares.
One (1) township is equal to 93.24 square kilometers.

A parcel of land that lies in more than one section or that cannot be identified completely as a part of a particular section

1. Articles of personal property annexed, installed, affixed, or attached to leased premises by the tenant, as a necessary part of the tenant's trade or business. 2. A fixture that is essential to the trade or profession of the owner, tenant, or proprietor. Although trade fixtures are often attached to real property, they are considered personal property and are often required to be removed upon expiration of a commercial lease. Ownership of trade fixtures transfers with real property only if the business itself is also sold. Synonymous with furniture, fixtures, and equipment.

To sell, give, will, or otherwise dispose of real or personal property.

Wires strung on poles to carry electricity from a power plant to place of use

Definition:
1. The degree to which bidders at an auction are aware of the details of offers made by other bidders.
2. The degree to which auction participants are able to confirm that the rules of a particular auction have been followed.

Terms, Definitions, and Concepts: Auction, Real Estate

The process by which water is released to the atmosphere by trees and other plants.

A convenient arbitrary point from which parcel corners and physical features of a property can be measured. Large area surveys may require numerous traverse stations.