Nerve pathway of a simple reflex. When the sensory nerve ending is stimulated, a nerve impulse travels along a sensory (afferent) neuron to the spinal cord. Here an association neuron transfers the impulse to a motor (efferent) neuron.
Deeds are instruments used to record ownership interests. When you purchase or otherwise come into ownership of real estate such as a house, you gain an ownership interest in it. Ownership interests in real estate can be solely held or divided among several people.
DEFINITION of 'Construction Interest Expense'. Any interest that is paid during the construction phase of a building or other tangible property. The interest may be incurred directly as the result of a construction loan. Construction interest expense is treated differently than other types of business-related interest (see below).