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| PUR AUTRE VIE
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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
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Document that outlines the purchase price and conditions of the transaction. |
| PURCHASE ORDER
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Authorization, in writing, to perform a service or supply a material, indicating the cost of such. |
| PURCHASE-MONEY MORTGAGE (PMM)
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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
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Risk resulting from possible increases or decreases in price levels that can substantially impact real estate values. |
| PURE COAT
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Neat cement applies to the mortar bed. |
| PURGE
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The displacement of fluids within a system by use of another fluid or an inert gas. |
| PURGED LINE
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A plumbing line in which the faucet has been opened and allowed to run for a specified length of time, usually1-5 minutes. |
| PURLIN
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Horizontal secondary structural member used to transfer loads from the primary structural members. |
| PUSH DRILL
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Screwdriver shaped drill that performs when the handle is pushed in the direction of the work. |
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