Also known as insolvency, bankruptcy is the legal status of individuals, corporations, entities, and governments that have accumulated more debt than they are able to pay. The bankruptcy process provides legal protection for...
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Forward Sale
This is a custom contract that is binding between two parties to enter into a sell or buy agreement for an asset at a specified price on a set future date. Forward sale is often utilized for hedging or speculation.
Carrying charges
These are the incidental costs to a property ownership that must be paid by the landlord within the initial lease-up of a particular building or property and subsequently within periods of vacancy. Other than interest, these...
Coworking Space
This is an office, artistic, or manufacturing space that can be provided for lease for short or long term use that is typically set in a joint setting. It can be rented by the year, month, day, or hour. Coworking spaces are often...
Building standard plus allowance
In this type of arrangement, the landlord comes up with a detailed list of the building standard materials and essential costs that will make the premises appropriate for occupancy. Afterward, a negotiated allowance is provided...
High Order Good
This is a service or good that needs a high population threshold before it's presented to a broader market. Such service or good needs a larger amount of consumers to support the business.
Contract 1031 Exchange
This refers to the tax delayed exchange in the buyer's ownership of a sales contract on a real estate site for a different property. It can also be for a option or contract on different real estate. It is a 1031 exchange of an...
Construction-Perm Loan
This is immediately convertible to permanent debt financing when the construction of a certain real estate project is finalized. It may also be called a rollover loan or construction-to-permanent loan process.
Defense Contractor
This is any person or organization that enters into a contract with the United States government for the production of materials, products, and services used for national defense. Those include ships, military or civilian...
Earn-Out
This is a loan agreement provision that gives the borrower permission to acquire additional funds from the lender upon the completion of particular events. Those events can be the surpassing of predefined operating performance...
