This refers to the principal offices of a foreign mission that are utilized for diplomatic and other related purposes. Chancery courts are responsible for handling legal actions such as cases involving deception, dissolution of...
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Furniture, Fixtures, & Equipment (FF&E)
This is the budget given to hard assets for real estate. Hard assets are not built into the physical structure of a building. Examples of those are a couch and a table that can depreciate. They are features that add value to the...
Conduit
This is an alliance comprised of mortgage originators and an unaffiliated organization. They act as a funding source by purchasing loans on a regular basis. Typically, their goal for those loans is pooling and securitizing them.
Civilian Labor Force
This is a term utilized by the Bureau of Labor Statistics to refer to all persons 16 years and older who are either employed or unemployed but actively looking for work and are available to accept employment. The civilian labor...
Imperfect Market
This is a market with product differentiation, lack of important product data, and direct market influence from specific buyers and sellers. Commercial real estate is often sold and bought in an market that is imperfect.
Economic Base Multiplier
This is a rough estimate of how differences made in basic employment will affect the total employment of a given locality or region. It is expressed as the ratio of total employment to basic employment.
Highest And Best Use
This is the legal use and reasonably probable use of a vacant land or improved property. The land is financially feasible, supported, and physically possible, resulting in the highest and best value.
Formal (or Geographic) Data
This is information or data that is gathered and dispensed by a formal region.
Buy/Rent Threshold
A result of changing market conditions, the buy/rent threshold refers to the point where there is a noticeable shift in expenditure allocations away from the premises occupied by the owner and the rental housing market.
Class Life
Set by the Internal Revenue Service, class life pertains to the useful life of a property as defined by the Alternative Depreciation System (ADS) or the General Depreciation System (GDS).
