Construction Terminology

Construction Terms

Grace Period
The time a borrower is allowed after a payment is due to make that payment without incurring penalties.

Grantee
One who receives title.

Grantor
One who gives title to another.

General Contractor
A contractor who enters into a contract with the owner of a project for the construction of the project and who takes full
responsibility for its completion, although the contractor may enter into subcontracts with others for the performance of
specific parts or phases of the project

Grandfather Clause
The clause in a law permitting the continuation of a use, business, etc., which, when established, was permissible but,
because of a change in the law, is now not permissible.


Grantee
One who receives title.

Grantor
One who gives title to another.
Category Construction Glossary
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