Definition of "Discount"
(1) The difference between future value and present value of a payment. (2) A reduction in the amount due for early payment. (3) Discount loan. (4) Taking into account all available good or bad news about a real estate property in evaluating its current price. It is called discounting the news.
Popular Real Estate Terms
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Basis for the valuation of property acquired from a decedent for tax purposes. The unified transfer tax in 1976 provides for the valuation of property to be the adjusted basis immediately ...
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