What Active Under Contract Means

In real estate, “Active Under Contract” is a listing status indicating a seller has accepted an offer but the property remains available for backup offers until certain contingencies are removed. This status allows the seller to continue marketing the property while the primary contract is being finalized.

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What Does Cleared To Close Mean

Cleared to close is a mortgage‑lending term that indicates a lender has satisfied all underwriting conditions and authorized the final loan documents, allowing the transaction to proceed to settlement. The status signals to borrowers, sellers, and settlement agents that funding is imminent, though the actual disbursement occurs at the closing meeting.

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What Does Private Sewer Mean

A private sewer is a wastewater drainage pipe or system that is owned and maintained by an individual property owner rather than by a municipal or public authority. Unlike public sewers, which serve multiple properties and are maintained by a government entity, private sewers typically connect a single building to the main public sewer line or to an on-site treatment system.

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What Does Pave Mean In Jewelry

Pavé is a jewelry setting technique where small gemstones are set closely together, covering the surface like a paved road. This method maximizes sparkle and creates a continuous field of light without visible metal between stones. It is commonly used in rings, earrings, and bracelets to enhance brilliance.

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