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Statute of limitations
A specified statutory period in which prosecution or suit must be brought against a person, after which any action will be barred.

Statutory dedication
The owners of a subdivision or other property file a plat that results in a grant of public property, such as the streets in a development.

Statutory foreclosure
A foreclosure proceeding not conducted under court supervision as contrasted with Judicial foreclose, which is.

Statutory liens
Charges resulting in involuntary encumbrances against real estate derived from legislated law rather than from debts owed to organizations or individuals.

Statutory redemption period
Limited period of time granted by state law to an individual who has had his or her property foreclosed on and sold to regain possession of the property by repaying the debt that was defaulted upon.

Statutory right of redemption
The legal right of a mortgagor to redeem the property after it has been sold at a foreclosure sale. The right is granted by state law for a limited period of time, depending on the state.

Stay-in-place forms
Forms for pouring concrete, which remain in place as part of the structure.

Steam
Water in vapor form; used as the working fluid in steam turbines and heating systems.

Steam boiler
A type of furnace in which fuel is burned and the heat is used to produce steam.

Steam cleaning
Using pressurized steam to clean an item, such as concrete or brick.

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