Capital Assets
Definition of "Capital assets"
(1) Any asset purchased for use in production over long periods of time rather than for resale. It includes land, buildings, plant, and timber reserves. (2) In taxation, property held by a taxpayer, except cash, inventoriable assets, merchandise held for sale, receivables, and certain intangibles. (3) Fixed assets usually consisting of tangible assets, such as plant and equipment, and intangible assets, such as a patent.
Popular Real Estate Terms
Heated structure needed to raise fowl. ...
Table demonstrating the relationship between the depth of a building lot form the street frontage and its market value. Street frontage is the greatest asset of a land parcel. The ...
Fee simple estate is a term used to describe ownership or freehold of an estate and the type of ownership of an estate. The possessory interest, also referred to as fee (a word derived from ...
Space that is available to all tenants or owners, such as a courtyard, main entrance, elevator, and pool. ...
Provision permitting a lender to charge the borrower a penalty for repaying a loan before its due date. ...
In real estate, the term "preamble" refers to an introductory statement that outlines the fundamental principles and goals guiding the industry's practices. Specifically, in the National ...
Identifying marker of a company. Attesting to something such as the validity of an instrument used in real estate. ...
Notion that a buyer should not pay more for a property than it would cost to buy at current prices for land, labor, and appraisals. ...
When we discuss loans, it is essential to know that there can be many types of loans and there also are open-end loans and closed-end loans. In regards to closed-end loans, these often work ...
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