A variety of wheeled vehicles lacking an engine that must be towed by another vehicle.
Trailer park
Area containing running water facilities, electrical outlets, recreational accommodations, etc., for the short-term and long-term parking of trailers.
Trailing edge
The part of a wind energy conversion device blade, or airfoil, that is the last to contact the wind.
Trans union corporation
One of the "Big Three" credit-reporting bureaus operating nationwide. Address: 760 Sproul Road, P.O. Box 390, Springfield, Pa. 19064-0390. Phone: (800) 888-4213.
Transaction broker
A real estate profession who does not represent either the buyer or the seller but is hired to help them reach an agreement.
Transaction costs
The costs associated with buying and selling real estate.
Transfer
To convey something from one entity or person to another.
Transfer development rights
A type of zoning ordinance that allows owners of property zoned for low-density development or conservation use to sell development rights to other property owners. The development rights purchased permit the landowners to develop their parcels at higher densities than otherwise. The system is designed to provide for low-density uses, such as historic preservation, without unduly penalizing some landowners.
Transfer fee
Fee charged by a mortgage lender to a buyer, seller or both for transferring a mortgage when the mortgage property is sold.
Transfer of ownership
Legal means by which a piece of real estate changes hands.
