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GLOSSARY
Zero-lot line
When a house is built on a lot so that one wall is on the property boundary.
Zeros - Zero-coupon CDs
Zeros, or zero-coupon CDs, are time deposits that pay interest at maturity, rather than at regular intervals.
Zone of possible agreement
Zone of possible agreement describes the potential common ground between two negotiating parties. Each party in a negotiation should have points on which they will and will not compromise. The zone of possible agreement encompasses the points on which both sides are willing to compromise.
Zoning
Areas that are designated by the local government where certain types of land uses are allowed. An area may be zoned for residential or commercial building.
Zoning ordinances
Local laws that establish building codes and usage regulations for properties in a specified area.
Zoning variance
When an exception is made in a zoning ordinance by the local government. These are granted on a case by cases basis.