Amount received, by a seller of real estate, in the form of a mortgage or note rather than cash.
Paper and wire
Tar paper and wire mesh (or metal lath) that are used as a backing for the installation of tile.
Paper profit
An increase in value above original cost or basis that would be realized if he property were sold. Until a sale occurs, the increased value is not recognized in the accounts. When the property is sold, there will be a realized gain or loss.
Paper title
Passing of title to property that is in fact not valid.
Paper, sheathing
Moisture resistant paper, which is applied under a final covering of roofs or walls, to serve as a barrier against the weather.
Par lamp
Par is an acronym for parabolic aluminized reflector. A par lamp which may utilize either an incandescent filament, a halogen filament tube or hid arc tube is a precision pressed-glass reflector lamp. Par lamps rely on both the internal reflector and prisms in the lens for the control of the light beam.
Parabolic aluminized reflector lamp
A type of lamp having a lens of heavy durable glass that focuses the light. They have longer lifetimes with less lumen depreciation than standard incandescent lamps.
Parabolic arch
Also called Tudor, Gothic, or semicircular arches, they are arches which have a span of more than six feet with a rise-to-span ratio in excess of 0.15, having a load capacity of 1,000 pounds per foot.
Parabolic dish
A solar energy conversion device that has a bowl shaped dish covered with a highly reflective surface that tracks the sun and concentrates sunlight on a fixed absorber, thereby achieving high temperatures, for process heating or to operate a heat (Stirling) engine to produce power or electricity.
