Real Estate Terminology and Glossary - Letter Z

Zero Percent Financing
A loan with no interest in the contract. The IRS imputes 10 percent for both borrower and lender.

Zoning
The right of a community, under its police power, to dictate the use of property within its boundaries.

Note: The real estate definitions on this page and throughout the real estate glossary have been compiled from various real estate resources and because of this 100% accuracy cannot be guaranteed.