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| Plate rail
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The bottom fence rail, which is supported by a concrete foundation, and to which the rest of the fence is fastened. |
| Platen
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Electric resistance welding machine part which puts force, during welding, on the parts being welded. |
| Platform
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(1) A raised horizontal surface of wood, stone, metal, etc. (2) Raised flooring or stage for performers. (3) A statement of principals and policies. |
| Platform framing
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House framing which has the wall framing resting on top of the subfloor with each story being built up as a separate unit. Balloon framing, another type, has the studs running from the bottom of the first floor to the top of the second floor. |
| Platform stairway
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Stairway which has a landing or a change of direction between floors. Platinum Steel, gray, malleable, ductile metallic chemical element, resistant to corrosion; used for ignition fuses, acid proof containers, jewelry, etc. Atomic Number 78. Atomic Weight 195.09. |
| Platted land
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Property that has been segregated into parts. |
| Play
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Free movement that exists in a mechanism that is not, at that time, working. |
| Pleadings
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Formal allegations by all of the parties to an action including complaints, answers and replies to counterclaims. |
| Pledged account mortgage (pam)
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Type of home purchase loan under which a sum of cash contributed by the owner is set aside in an account pledged to the lender. The account is drawn down during the initial years of the loan to supplement periodic mortgage payments. The effect is to reduce the payment amounts in early years. |
| Pledgee
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Individual to whom a mortgage or property is pledged. |
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