Search results for: “economic improvement”
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Compensatory Financing Arrangements
Compensatory financing arrangements in Global Commerce Policy In this regard, compensatory financing arrangements is: intergovernmental schemes designed to minimize the effects of shortfalls in commodity export earnings and export earning fluctuations, particularly those of developing […]
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Change
Legal Definition and Related Resources of Change Meaning of Change Alteration, substitution of one thing for another, without any connotation of either improvement or deterioration. Garn- holz v La Driere (Mo.) 229 S. W.2d512. To alter or make […]
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Land
Legal Definition and Related Resources of Land Meaning of Land In broad and general sense, means every species of ground, soil or earth, and includes houses and other buildings attached to it by human agency or by nature such as trees, herbage and […]
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Physical Deterioration
Concept of Physical Deterioration in the context of Real Property A short definition of Physical Deterioration: A type of depreciation (loss in value) to improvements caused by wear and tear or lack of maintenance. When economically feasible to correct, it is called curable; when […]
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Functional Obsolescence
Concept of Functional Obsolescence in the context of Real Property A short definition of Functional Obsolescence: A type of depreciation (loss in value) to improvements because the design and/or materials are outdated. When economically feasible to correct, it is called curable, […]
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Age-life Method of Depreciation
Concept of Age-life Method of Depreciation in the context of Real Property A short definition of Age-life Method of Depreciation: Estimating depreciation by using the ratio of the effective age of improvements to the Economic Life (Economic Age-Life Method) or Physical Life (Physical Age-Life […]
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Boom
(Increase), noun acceleration accretion accrual accruement accumulation additament addition additory advance advancement amplification amplitude annexation appreciation</l…
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Depreciation
Diminution in value, particularly the deterioration or the loss or lessening in value arising from age and use of a property. See In Re Davies’ Estate, 96 N. Y.S.2d 191, 197 Misc. 827.
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Greater London Authority
Greater London Authority in Law EnforcementMain Entry: Law Enforcement in the Legal Dictionary. This section provides, in the context of Law Enforcement, a partial definition of Greater London Authority. This legal term is related to the United Kingom and/or the English Legal […]
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Appreciation in Value
United States Tax Concept of Appreciation in Value Appreciation in Value is the increase in the value of an asset which is due to economic and other conditions, as distinguished from increases in value due to improvements or additions made to it. When you sell appreciated property, you pay tax […]