Business Cycle
Regular pattern of expansion (recovery) and contraction (recession) in total economic activity surrounding a growth trend, including the impact of economic variables such as employment and inflation. At the peak of the cycle, economic activity is high compared to trend, but at the trough (valley) of the cycle, the low point in economic activity is reached. The business cycle influences corporate earnings, cash flow, and expansion.
Popular Real Estate Terms
A proposal to buy property at a specified price. The seller of the property has the options of accepting the offer, rejecting it, or making a counteroffer. For example, John signs a listing ...
Credential awarded by the International Association of Assessing Officers to appraisers of real property working for a government body. ...
Increasing tax rates with increasing levels of taxable income. ...
Linkage of property ownership that connects the present owner to the original source of title. ...
Business that transforms an underdeveloped tract of land into plots ready for construction. ...
Document issued by a public or private institution to perform some activity according to legal requirements. There is usually a license fee. An example is a real estate license. ...
Statement filed with a governmental authority declaring property a homestead for the purposes of securing a homestead exemption. The declaration of homestead has no effect on the property ...
Amount still unpaid at a particular date on a loan or other financing agreement. ...
Not attached to any parcel of land but merely a personal right to use the land of another. ...
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