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| Construction joint
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Place where two sections of concrete meet to form a bond. |
| Construction loan
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Short-term loan used during the construction of a building or home. Funds are disbursed in stages, according to completed amount. |
| Construction management contract
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Contract between an owner and the general contractor who is responsible hiring and supervising the trades and tasks necessary to build a structure. |
| Construction specifications
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Commonly referred to as "specs" these detailed descriptions consist of all items necessary to complete the construction of a building, including drawings and blue prints that outline the technical standards. |
| Construction-to-permanent loan
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A construction loan, which can be converted to a long-term traditional mortgage upon completion of the construction. |
| Constructive
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Definition given to an act, fact or thing through legal interpretation. |
| Constructive annexation
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The consolidation of items that have been considered a part of property but are not actually joined to it or owned by it. Use over an extended period of time establishes a right to continued use. |
| Constructive eviction
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Breaking of a lease by a tenant due failure of landlord to keep premises habitable. |
| Constructive notice
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When a fact is a matter of public record, the law presumes that everyone has knowledge of that fact. |
| Constructive receipt
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Tax concept whereby income not actually received, but which could be received, is considered to be constructively received and must be reported. |
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