Expense

Definition of "Expense"

Cost of doing business, not including pure expectation of loss.

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Related Real Estate Glossary terms

Mutual Assent

Offer and acceptance upon which an agreement is based. For a contract to be legal (and thus enforcea ...

Form

Attachment to an insurance policy to complete its coverage. For example, the Standard Fire Policy mu ...

Turnaround Property

A deteriorated property that can be restored and sold for a gain. ...

Home Warranties

Warranties issued by contractors, sellers, and real estate agencies that protect home buyers from sp ...

Employers Legal Obligation To Fund

Pension plan format. After deciding how much to contribute, the employer can suspend, reduce, or dis ...

Long-term Capital Goals Or Objectives

Capital appreciation financial goals set by a company or an individual over an extended period of ti ...

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What Is A Title Search?

A title search is the process of reviewing court records and other records to ensure that there are ...

What Is A Buildable Acre?

A Buildable acre consists of 43,560 square feet of residentially designated buildable land, after ex ...

What Is Underwriting?

Underwriting is the process of evaluating a loan to determine whether the loan is a good risk. ...

What Is A Buydown?

A type of financing in which a developer or seller arranges for the buyer to get a loan at a rate be ...

What Is An Annuity?

An annuity is a long-term, interest-paying contract offered through an insurance company or financia ...

What Is A Loan-to-value (LTD) Ratio?

A loan-to-value ratio is used by lenders to state how much you have financed. If you put down 20 per ...

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