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| Interest = Principal x Rate x Time |
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| Interest only (Straight note) |
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| Payments of a fixed amount of principal plus interest added |
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| Irregular shaped, most difficult, metes (ft, yard, rods, links), bounds (sts, rivers, treams) |
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| Lot, Tract and Recorded Map |
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Definition
| Lot 1, Block 2 of recorded map |
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| US Rectangular Survey (Township, Range, etc) |
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| 6 miles square, 36 sections, numbering like snake (right to left), 24 mile perimeter |
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| 3 Base & Meridian Section |
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| North (Humboldt), Central (Mt Diablo), South (San Bernardino) |
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| 1 rod = 16.5 ft, 320 rods in a mile |
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