negative-slope driveway
A driveway that drops from street level to the
garage.neo-traditional planning
Planning of a community that favors new home development with such
traditional features as grid-street patterns, prominent front porches, backyard
garages, multi-use buildings, and housing clustered near commercial service
areas.
net cash flow
Income
from an investment property after expenses such as principal, interest, taxes,
and insurance are subtracted.net listing
A listing
agreement in which the broker's commission consists of the amount above a net
price set by the owner. If the net price is not met, a commission is not
earned.
net worth
The worth
of a person or company based on the difference between total assets and
liabilities.neutral bus bar
Grounded metal bar inside an electrical service panel or subpanel
to which all neutral and grounding wires are connected.
neutral wire
A
grounded conductor that carries electrical current back to the source from an
electrical device. Neutral wires usually (but don't always) have white or gray
insulation.new urbanism
A
community design philosophy that favors the return of new home development with
such traditional features as prominent front porches, backyard garages,
multi-use buildings, and housing clustered near commercial service
areas.
niche
A small
recessed area in a wall, traditionally arched at the top.no-cash-out refinance
The amount of the new mortgage covers the remaining balance of the
first loan plus closing costs and any liens, and yields no more than 1 percent
of the new loan's principal in cash.
no-competition lots
A
lot in which the buyer's home will be constructed by a preselected
builder.no-documentation loan
A loan application that does not require verification of income but
typically is granted in cases of large down payments.
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