Terms starting with the letter W thru Z

Warranty Deed
Often called a general warranty deed; a deed in which the grantor warrants or guarantees the title to real property against defects existing before the grantor acquired title or arising during the grantor's ownership.

Wraparound Mortgage
Results when an existing assumable loan is combined with a new loan, resulting in an interest rate somewhere between the old rate and the current market rate.  The payments are made to a second lender or the previous homeowner, who then forwards the payments to the first lender after taking the additional amount off the top.

Yield
Yield is used to measure the investment performance of a security over a given period of time.  For example, if a 10-year corporate bond earns a yield of 6.25% and a 10-year U.S. Treasury bond yields 5.75%, the yield spread is 50 basis points.

X-mark signature
The signature made by a person who is unable to sign their name.  This type of signature is only legally valid when witnessed by at least two other persons.

Zero lot line
The positioning of a structure on a lot so that one side rests directly on the lot's boundary line.

Zoning
The creation of districts by local governments in which specific types of property uses are authorized.