Dictionary

Certificate Of Title Opinion

Definition: Executed by an attorney who has studied the abstract of title, it will list any defects or clouds on the title and includes the attorney’s opinion of whether the seller...

Certificate Of Occupancy

Definition: An occupancy permit issued by the local government after construction is completed and final inspection is approved. Pronunciation: \(ˌ)sər-ˈti-fi-kət\ \ˈä-kyə-pən(t)-sē\ Used in a Sentence:   The builder was issued a certificate of occupancy...

Cease To Be In Force

Definition: When certain events occur, the licensee cannot conduct business until the DBPR is properly notified.  An example would be a licensee changing employers. Pronunciation: Used in a Sentence:   Until you...

Cease And Desist Order

Definition: An action by a government agency that requires a person or business to stop an illegal or unfair practice. Pronunciation: Used in a Sentence:   A cease and desist order was...

Caveat Emptor

Definition: Latin for “let the buyer beware”. Pronunciation: \ˈka-vē-ˌät, -ˌat; ˈkä-vē-ˌät; ˈkā-vē-ˌat\  \-ˈem(p)-tər, -ˌtȯr\ Used in a Sentence:   Caveat emptor should be kept in mind when looking to buy a house.

Cash Flow

Definition: The resulting amount when an annual debt service, tax liability, and capital improvement costs are subtracted from net operating income. Pronunciation: Used in a Sentence:   Due to increased operating costs,...