Financial Statement
Definition of "Financial statement"
report containing financial information about a business or individual. The required financial statements for a real estate company are balance sheet, income statement, and statement of cash flows. An individual may prepare a financial statement, such as to obtain a real estate loan from the bank.
Popular Real Estate Terms
The right to drain water through anothers property through a ditch, pipe, or trench. See also drainage right of way. ...
Bottom of a frame such as a window sill. ...
A joist to which a ceiling is attached. A ceiling joist usually consists of several small 2 x 4 boards nailed or mortised to the sides or bottom of overhead joists to which the ceiling is ...
There are two definitions of annexation in real estate. The first definition of annexation in real estate deals with the expansion of cities and the accompanying zoning laws. When a city ...
Subdivided acreage with utilities usually situated within or adjacent to established communities. ...
Restitution or compensation for harm or wrong done. ...
Document stating one has an ownership interest but not direct control in an asset, estate, or business. While one shares in the benefits of ownership including profits, the direct control ...
Money set aside to buy new assets when the older ones are no longer appropriate for the intended use. An example is when the landlord must replace a deteriorating and malfunctioning air ...
Linkage of property ownership that connects the present owner to the original source of title. ...
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