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PUR AUTRE VIE
Latin for though the life of another. A life estate in property is granted to an individual so long as a third party is alive.

PURCHASE AGREEMENT
Document that outlines the purchase price and conditions of the transaction.

PURCHASE ORDER
Authorization, in writing, to perform a service or supply a material, indicating the cost of such.

PURCHASE-MONEY MORTGAGE (PMM)
Mortgage obtained by a borrower as partial payment for a property. Type of seller financing which is a mortgage loan from the seller instead of cash for the purchase price of the real estate.

PURCHASING POWER RISK
Risk resulting from possible increases or decreases in price levels that can substantially impact real estate values.

PURE COAT
Neat cement applies to the mortar bed.

PURGE
The displacement of fluids within a system by use of another fluid or an inert gas.

PURGED LINE
A plumbing line in which the faucet has been opened and allowed to run for a specified length of time, usually1-5 minutes.

PURLIN
Horizontal secondary structural member used to transfer loads from the primary structural members.

PUSH DRILL
Screwdriver shaped drill that performs when the handle is pushed in the direction of the work.

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