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Request for proposal (RFP)
Request for proposal (RFP) A formal request, issued by a plan sponsor or its consultant, inviting investment managers to submit information on their firms' investment strategy, historical investment performance, current investment opportunities, investment management fees, other pension fund client relationships, etc.
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Consultant
Any company or individual that provides the following services to institutional investors.
Investment
Money directed toward the purchase, improvement and development of an asset in expectation of income or profits.
Performance
The quarterly changes in fund or account values attributable to investment income, realized or unrealized appreciation, and the total gross return to the investors both before and after investment management fees.
Management
Refers to the amount of personal or hired time, it takes to run the investment.
Client
A buyer or seller who is represented by a real estate salesperson or broker as the buyer's or seller's agent and subject to that buyer's or seller's control.
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Replacement reserve fund
A fund set aside for replacement of common property in a condominium, PUD, or cooperative project -- particularly that which has a short life expectancy, such as carpeting, furniture, etc.
Replacement reserves
An allowance that provides for the periodic replacement of building components that wear out more rapidly than the building itself and must be replaced during the building's economic life.
Repossession
Usually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses.
Representation agreement
A mutual contractual agreement between the agency and the client committing services and fiduciary duties to the client.
Reproduction cost
The construction cost at current prices of an exact duplicate of the subject property.
Request for proposal (RFP)
Resale value
The sales price that would be negotiated by a willing seller and buyer for an existing home or property.
Rescind
To annul, cancel.
Rescission
The legal remedy of canceling, terminating or annulling a contract and restoring the parties to their original positions; a return to the status quo.
Reservation system
With a good reservation system and a desired location, one should receive 30 to 55% of the occupancy via the reservation system.
Reserve
The 'reserve price' is the lowest price at which the owner is willing to sell their property when it is being auctioned.
This dictionary contains 6433 terms. |
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