An improvement on real property that increases the value and is considered a capital asset.

A contract in which the consideration given by each party is a promise: that is a promise for a promise.

A written instrument given by the seller to the buyer to pass title to personal property.

A written statement that binds the parties to an agreement until formal contracts can be drawn; an agreement to cover a down payment as evidence of good faith.

Asphalt paving used in streets and driveways.

A deed of trust binding more than one parcel of property as security. It is frequently encountered in subdivisions where every lot in the subdivision is bound by the same deed of trust. As the lots are sold they are released from the deed of trust by a partial release provision.

An ad (usually in a newspaper or magazine) which does not identify the party placing the ad. Often used in an ad for a job, asking that a resume be sent to a post office box.

A program administered by the State Department of Veterans Affairs for the direct financing of farms and homes for veterans who qualify.

Assets of a permanent nature used in the production of income. Examples would include land buildings and equipment.

The gain recognized for federal and state income tax purposes when a taxpayer disposes of a capital asset.