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Pressure-treated wood
Wood which has been impregnated with preservatives to resist decay. Use with caution in your garden area where vegetables or herbs will grow or are presently growing.

Prestressed concrete
A development of ordinary reinforced concrete. The reinforcing steel is replaced by wire cables in ducts.

Prestressing or pretensioning
Use of stretching steel cables, in a concrete form, so that tension is put on them prior to the placement of concrete. Even after the concrete has set and hardened, the steel stays in tension, to add to the concrete strength.

Preterit
Past action(s) of a property owner or tenant.

Preventive maintenance (pm)
A program of building maintenance implemented to reduce the possibility of problems, usually through periodic inspection, cleaning, adjustment. calibration. and replacement of functioning, parts of the HVAC system, as well as housekeeping practices to reduce the buildup of potential contaminants.

Price
Amount of money paid for something.

Price appreciation
Increase in the value of real estate or personal property. The price may increase because of a number of factors, such as shortage in supply, improved economy, favorable political environment, tax incentives, increased profitability.

Price fixing
Illegal effort by competing businesses to maintain a uniform price, such as commission rate on the sale of real estate.

Price of quality, the
There is more to buying a heat pump or air conditioner than ratings. The quality of construction and materials used as well as the reliability of the manufacturer and installing contractor can all affect your long-term satisfaction and comfort. Top quality, high efficiency equipment will cost more initially, but it will save you money on utility bills and service calls for years to come. Be sure to weigh all the factors before choosing your new system.

Price range
Upper and lower limits of what a buyer will pay for a home.

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