Profitably using borrowed funds to increase the return on an investment. When the return on the borrowed funds exceed the after tax interest costs.
Possession
The holding, control or custody of property for one's use, either as owner or person with another legal right.
Possession by adverse possession
Way to acquire title to real estate when an occupant has been in actual, open, exclusive and continuous occupancy of property for an extended period of time.
Possessory action
Litigation undertaken to obtain or maintain possession of real property.
Post
A piece of wood, metal or other material that is either long and square or cylindrical, used as a support.
Post & beam construction
Wall construction consisting of large, widely spaced posts to support horizontal beams.
Post anchor
Metal piece that holds the bottom of a vertical post to its foundation.
Post and beam framing or plank and beam framing
Use of heavy framing members, at a distance apart, so that large open areas can be created in a building. The floor and roof use heavy planks, which are able to accommodate the load without overstress.
Post and board fencing
Horizontal, evenly placed boards between vertical fence posts.
Post and rail fencing
Horizontal, evenly placed split rails between vertical fence posts.
