Construction Terminology

Construction Terms


Title Insurance
Title Insurance policies typically insure a home buyer against any title-search errors or mistakes, and against loss due to
disputes over property ownership. Title Insurance can additionally offer protection to the lender under similar circumstances.
The cost of title insurance is usually a set value per thousand of dollars of the total loan amount.

Title Search
A person who reviews and evaluates an application for a loan or insurance policy

Trustee
A person who holds title to property on behalf of another.

Turn Key
A term used when the subcontractor provides all materials (and labor) for a job.
Category Construction Glossary
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