Gross Domestic Product (GDP)
Definition of "Gross Domestic Product (GDP)"
Measure of the value of all goods and services produced by the economy within its boundaries and is the nation's broadest gauge of economic health. GDA is often a measure of the state of the economy. Experts look upon other measures such as housing and construction activity, unemployment rate, corporate profits, and retail sales to look for a sign of recession.
Popular Real Estate Terms
Maybe you’re studying for your real estate exam, or you heard the word from your real estate agent and didn’t know what it means. Whichever your reason, we’ll go ahead and ...
An official indicating intensity of land use in a zoned urban area. ...
Request of a local government's planning body to alter the zoning requirements based on a justifiable reason. ...
Small piece of carpet often placed under a door or at an entrance to a doorway. ...
The rate, usually expressed annually, charged on money borrowed or lent. The interest rate may be variable or fixed. The higher the risk, the higher the interest rate. Mortgage interest ...
payment of a debt before its due such as a mortgage payment or insurance premiums. ...
In everyday discourse, the term specifications describe various properties and features. They can be attributed to products, services, objects, and industries, such as real estate. What do ...
The geographic moving of an individual from one region to another usually because of a change in employment. Relocation normally involves the complete moving of the individual's ...
The term agricultural property means a type of land that has been designed or is permitted to engage in agricultural activities. Also referred to as agricultural land, agricultural ...
Have a question or comment?
We're here to help.