Parcel
Any area of land contained within a single description.

Partnership
An association of two or more persons who have contracted to join in business and share the profits.

Party Wall
A wall generally erected on a property boundary or between two lots for the common benefit and use of the property owners on either side.

Personal Property (movable)
Any property that is not designated by law as real property (i.e., money, goods, evidences of debt, rights of action, furniture, automobiles).

PITI
A payment that combines Principal, Interest, Taxes, and Insurance .

Plat
A plan, map or chart of a tract or town site dividing a parcel of land into lots.

Power of Attorney
A document by which one person (called the "principal") authorizes another person (called the "attorney-in-fact") to act for him/her in a specific manner in designated transactions.

Priority
The order of preference, rank or position of the various liens and encumbrances affecting the title to a particular parcel of land. Usually, the date and time of recording determine the relative priority between documents.

Public Records
The transcriptions in a recorder's office of instruments which have been recorded, including the indexes pertaining to them.