The term comparables is used to better determine the value an asset has when compared to others, similar to it. Real estate comparables are used in assessments to determine a house’s fair value. A list of recently sold properties, usually within the last year, in a specific area, are considere...

Contract in which the borrower agrees to the terms of a loan including payment dates, interest rate, total cost of the loan, and late payment fees....

Area containing running water facilities, electrical outlets, recreational accommodations, etc., for the short-term and long-term parking of trailers....

Term meaning that an exporter of goods that are damaged or destroyed during international shipment relinquishes responsibility for the damage or destruction once the goods leave the point of origination....