Foreclosures Glossary - Letter K

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key
1. Metal pieces that are notched and grooved and used to open or close a lock.
2. Wedge-shaped stones in an arch that locks its parts together.
KEYS
Little plaster fingers that squeeze through a lath. It holds the plaster in place when hardened.
keystone
An angular block set as the crown of an arch, over a door or window.
kick-out clause
A clause in a sales contract that allows the seller to opt out of the first buyers offer in favor of a second, better offer.
kit home
A prefabricated home that is delivered and put together by a contractor.
knee wall
A structure that is like a wall and used to support the roof rafters.
knob-and-tube wiring
An old type of wiring system that has been replaced by fuses and circuit breakers.
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