Definition of quill for English Language Learners. : 1  the hollow central part of a feather. : 2  a large, stiff feather from the wing or tail of a bird. : 3  a pen that is made from a feather.
The average age of a first-time homeowner is 34, according to the most recent American Housing Survey data collected in 2009. Once first-time homeowners made up nearly half of all existing-home sales, but they now make up 35 percent, according to a recently released National Association of Realtors report.
First-Time Home Buyer. DEFINITION of 'First-Time Home Buyer'. An individual who is purchasing a principal residence for the first time. First-time home buyers are more commonly recognized according to several criteria with regards to an individual retirement account (IRA).