Net Realizable Value
Definition of "Net realizable value"
- Expected selling price of property less costs to sell. It is the net amount received upon the sale of property.
- gross receivables less allowance for doubtful accounts, representing the expected collectibility of those receivables.
Popular Real Estate Terms
Stairs or porch by the front door of the house. ...
initial plaster used on a lathe. ...
The meaning of topography defines the science of mapping a specific region’s physical features. In short, the topography describes an area’s characteristics, such as its ...
“What is Situs?”, you ask.Situs is a word in Latin that basically means the site or location where something exists or originates. Like most words in latin, situs is usually ...
What does Act of God mean? Acts of God or “force majeure” is typically how an insurance policy classifies peril situations that could not be prevented or defended by men. ...
An arm’s-length transaction is a business deal, or transaction where the seller and buyer act independently of each other without influence on the other party. What sets these types ...
Interest rate that exceeds the rate on the old loan but in less than the rate on new loans. It is usually offered by the lender to encourage home buyers to refinance existing, low interest ...
Figure or value which is the starting point in computing gain or loss, depreciation, depletion, and amortization. ...
Cash payment to a lender so as to lower the interest rate on a loan a borrower must incur. The lower rate may apply for all or a part of the loan term. ...
Have a question or comment?
We're here to help.