Definition of "Risk"
- Fluctuation in sales, profits, rat of return, etc.
- Likelihood of declining value.
Popular Real Estate Terms
maintenance procedures conducted to prevent later repairs and furthering a longer useful life. For example, many boilers and burners are cleaned and serviced each year before the winter ...
Major city in a metropolitan area. ...
An unpreventable, overwhelming, and irresistible force. It is common to place a force majeure clause in a construction contract to indemnify a construction deadline in the event an act of ...
Reference to let the vendor beware. Without specific exemptions, the vendor is obligated for action by the buyer for any explicit or implied modifications in the contract or warranty. ...
Legal agreement restricting the use of real property for designated purposes. It may also apply to the way in which construction of a building may be performed. The promise is typically ...
To enter illegally. For example, entering property without permission. ...
Federal tax legislation notably establishing 10% withholding on interest and dividends. ...
We all know what income is or what gross income means, but what is adjusted gross income? When a company calculates its income to determine their taxable income, they take the gross income ...
So, you’re out and about your homebuying dream and then you stumble upon this question: what is a condominium? Like, you think you know what is a condo home, but it's so hard to ...
Have a question or comment?
We're here to help.