We're sure you don't like jargon - and neither do we. But it's a fact of real estate life. This glossary is here to help you make sense of it. And we've put a special emphasis on terms that reflect today's housing market.

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  23. W
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"w" Terms

Wood paneling, tongue-and-groove boards or similar material installed between a baseboard and a chair rail.
A voluntary relinquishing of certain rights or claims.
A feature that allows a door to open onto ground level.
A buyer's final inspection of the home to determine if conditions in the purchase agreement have been satisfied.
A legally binding promise to do something in the future.
Watery areas such as swamps, marshes and floodplains.
An improperly recorded deed.
The most basic legal document outlining the disposition of a person's estate in the event of death.
An individual pane of glass.
A bench built under an interior window.
A curved, corrugated steel insert used to isolate basement windows from moisture if they're below the soil line.
Curved plastic covers designed to be installed on top of a window well to cover the opening.
A loan made to a buyer for the remaining balance on a seller's first mortgage and an additional amount requested by the seller. Payments on both loans are made to the lender who holds the wraparound loan.
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