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Value
Value The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
RELATED TERMS--------------------------------------
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
Demand
The amount of goods people are willing and able to buy at a given price; often coupled with supply.
SIMILAR TERMS--------------------------------------
Valuation
Estimated price, value, or worth. Also, the act of identifying a property's worth via an appraisal.
Valuation Fee
The fee charged by the lender for a valuation report.
Valuation report
A basic report carried out for the peace of the mind of the lender to ensure that the property is worth lending on.
Value in exchange
The market value of a property.
Value in use
The value of a property as used for a specific purpose.
Value-added
A phrase generally used by advisers and managers to describe investments in underperforming and-or undermanaged assets. The objective is to generate 13 percent to 18 percent returns.
PREVIOUS AND NEXT TERMS--------------------------------------
Valid
A binding situation that is authorized and enforceable by law.
Valid contract
A contract that complies with all the essentials of a contract and is binding and enforceable with all associated parties.
Valuation
Estimated price, value, or worth. Also, the act of identifying a property's worth via an appraisal.
Valuation Fee
The fee charged by the lender for a valuation report.
Valuation report
A basic report carried out for the peace of the mind of the lender to ensure that the property is worth lending on.
Value
Value in exchange
The market value of a property.
Value in use
The value of a property as used for a specific purpose.
Value-added
A phrase generally used by advisers and managers to describe investments in underperforming and-or undermanaged assets. The objective is to generate 13 percent to 18 percent returns.
Vapor retarders
Special materials used in the installation of thermal insulation to reduce the passage of water vapor.
Variable costs
Operating expenses that fluctuate with occupancy, such as utilities and maintenance costs.
This dictionary contains 6433 terms. |
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