Assets that can be speedily transformed into cash are called “liquid assets.” These comprise of bank accounts, mutual funds, stocks, bonds and many more. These are items of value possessed by a person, government, company or institution. Placing value on property for the purpose of purchase or taxation.Īn official who establishes the value of a property for taxation purposes or else. The value put on property by an asset value or public tax assessor for aim of taxation or purchase. It is a building with a line of shopping archways, each counter-thrusting the next, supported by walkways enclosed by a line of arches on one or both sides. It is a housing unit in form of a flat that is part of a bigger building in form of a self-contained or non-self-contained nature.Īn upsurge in the value or price of a property It is the cultivation of crops or rearing of animals for food and commercial benefits. One acre is equivalent to 0.0015625 square miles, 4,840 square yards, 43,560 square feet or nearly 4,047 square metres (0.405 hectares) The acre is a unit of land area used in the imperial and customary systems. Such clauses are also common in mortgages or purchase of real estate in portions. An acceleration clause outlines the reasons that the lender can claim loan repayment. The glossary spells out words ranging from real estate buying, renting, financing, mortgages, disposal, development and management of properties for commercial benefits.Īcceleration clause or Acceleration CovenantĪ contract provision that empowers a money lender to oblige a borrower to pay back all or part of an outstanding loan upon failing to comply with some agreed upon conditions. In order to understand the real estate industry well, you need to read to know the various property terminologies regarding the industry.
Real Estate Glossary – Property Terms and Definitions
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