Dictionary

Definition: A region where the total amount of local savings is not adequate to finance economic development already in progress in that area. Pronunciation: \ˈka-pə-təl, ˈkap-təl\ \ˈde-fə-sət\ Use...

Definition: Certain property held by a taxpayer, not including inventory for sale to customers. Pronunciation: \ˈka-pə-təl, ˈkap-təl\ \ˈa-ˌset also -sət\ Used in a Sentence:   The manufacturing fac...

Definition: The collective assets (money and property) that add to the long-term net worth of a corporation. Pronunciation: \ˈka-pə-təl, ˈkap-təl\ Used in a Sentence: Due to a large amount of cash ...

Definition: A license ceases to exist, effective as of the date approved by the Commission, and does not involve disciplinary action. Pronunciation: \ˈkan(t)-səl\ Used in a Sentence:    Because she...

Definition: The rules that govern the administration of a condominium. Pronunciation: \ˈbī-ˌlȯ\ Used in a Sentence:   The condos bylaws prohibit dogs over 50lbs.

Definition: The inventory of available properties exceeds the demand. Pronunciation: Used in a Sentence:   We were able to get a better price on the house due to the buyer’s market.

Definition: An employment contract with a buyer. Pronunciation: \ˈbī(-ə)r\ \ˈbrō-k(ə-)rij\ \ə-ˈgrē-mənt\ Used in a Sentence:   The prospective buyer signed a buyer’s brokerage agreement with the ag...

Definition: A financing method in which points are paid by the seller or developer that lowers (buys down) the effective interest rate paid by the buyer/borrower, therefore reducing the amount of t...

Definition: A business entity formed by any number of persons who make an investment at a stipulated amount per unit.  The monies collected in this manner are then used to buy, develop and/or sell ...