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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 ...
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