Real Estate Glossary

Z

November 24, 2008 · Leave a Comment

Zero Coupon Bonds A single-payment bond that grows to its face value over a prescribed time period at a specific interest rate. All compound interest is tax-deferred until the bond is cashed.
Zoning The regulation of structures and uses of property within designated districts or zones. Zoning regulates and affects such things as use of the land, lot sizes, types of structure permitted, building heights, setbacks and density (the ratio of land area to
Zoning Ordinance An exercise of police power by a municipality to regulate and control the character and use of property.
Zoning Variance A zoning variance permits a change in the specifications required by the zoning ordinance.

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