This refers to employee benefits that are defined, either as a fixed amount or a certain percentage of the beneficiary's salary at his or her time of retirement. Defined-benefit plans can be pension plans, some Keogh plans, and...
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good faith estimate
Also known as GFE, it is an estimated value of the closing costs in written form that the lender is obliged to prepare within 3 days of submitting their application. It must include an itemized list of costs and fees related to...
Constant Amortization Loan
This is a type of loan wherein an annual amortization dollar amount remains constant. However, the total payment amount changes.
Available Space
This is the total amount of space that is presently being sold for lease. It includes spaces that are vacant and spaces that are occupied at present but will be vacant in the future. Available space can also include direct and...
Commingled fund
Sometimes referred to as a pooled fund, a commingled fund is a portfolio containing assets from various and numerous accounts that are blended together. It exists to reduce the cost of managing accounts one by one.
Economic Characteristics
This refers to activities related to the production, distribution, and consumption of goods and services.
Average Household Size
This refers to the average number of people occupying a household in a certain area. To calculate it, divide the total population in households (this is excluding group quarters like nursing homes, college dormitories, and...
Industrial Park
This is a planned development of a piece of land with 2 or more separated industrial buildings. It typically contains a total of 50,000 square footage of floor area and is occupied by no less than 5 different tenants. In this...
The value is locked in the tedious
Hello, this is Richard Wilson CEO of the Family Office Club. Just wanted to record this short video here in New York City on a comment I heard Gary V say earlier today. He said that he loves things that are tedious because it...
Alpha
This is a risk-adjusted statistic that measures the performance of an investment portfolio by taking the volatility of a managed portfolio of equities or other assets then comparing its risk-adjusted performance to a benchmark...
