Cost Of Living


Definition of "Cost of living"

Cost to buy goods and services encompassed in an accepted standard level of consumption.

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Popular Real Estate Terms

Railroad Retirement System

Insurance established under the federal Railroad Retirement Act for railroad employees, covering death, retirement, disability, and unemployment. Bene ...

Business Cycle

Regular pattern of expansion (recovery) and contraction (recession) in total economic activity surrounding a growth trend, including the impact of eco ...

Water Level

Surface level of water. ...

Contractor

(1) Individual or business that is engaged to do some sort of construction work for another for a fee. There are basically three types of contracting: ...

Securities And Exchange Commission (SEC)

Federal government agency monitoring and regulating corporate financial reporting and disclosure, use of accounting principles, auditing practices, an ...

Marginal Utility

Additional utility an individual receives when purchasing an additional unit of a commodity or service. Represents a trade off between units of cost a ...

Popular Real Estate FAQ

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the purchase of shares, you are allowed to live in a u ...

What Happens When You Prequalify?

When you are prequalified, the lender gives you an estimate but does not formally commit to giving you a loan. ...

What Is A Counteroffer?

A counteroffer is an offer made by one party that makes changes to the original or latest offer of the other party. ...

What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

What Is An Easement?

An easement is the right given by the landowner to use the property. ...

What Is An Inspection?

An inspection is a close and thorough examination of a house and property. A licensed individual usually does the inspection. ...

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