Milestone - Law Dictionary Search Results
Home Dictionary Name: milestoneMilestone
Milestone. The trustees of turnpike roads were, very early in the history of such roads (see 3 Geo. 4, c. 26, s. 119), under an obligation to set up and maintain milestones, but no such legal obligation is expressly imposed upon the managers of public highways, although the Highway Rate, etc., Act, 1882 (45 & 46 Vict. c. 27), repealed, except as to London and Scilly, by the Rating and Valuation Act, 1925 (15 & 16 Geo. 5, c. 90); by s. 6 constituted 'the expenses incurred by a highway authority in maintaining, replacing, or setting up milestones on any highway' a 'lawful charge upon the highway rate.' Milestones are included among road improvements for purposes of the (English) Development and Roads Improvement Funds Act, 1909, by the Roads Improvement Act, 1925, s. 2....
Milestone
A stone serving the same purpose as a milepost...
construction loan
construction loan a short-term, to finance the cost of building a new home. The lender pays the builder based on milestones accomplished during the building process. For example, once a sub-contractor pours the foundation and it is approved by inspectors the lender will pay for their service. Source: U.S. Department of Housing and Urban Development ...
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