Tag: Time
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Time-sharing
Concept of Time-sharing in the context of Real Property A short definition of Time-sharing: A concept of ownership increasing in popularity as real estate prices rise. The purchase of an undivided interest (usually in a resort area condominium) for a fixed or variable time period. For example: […]
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Time is of the Essence
Concept of Time is of The Essence in the context of Real Property A short definition of Time is of The Essence: Clause used in contracts to bind one party to performance at or by a specified time in order to bind the other party to performance.
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Time Interval Maps
Concept of Time Interval Maps in the context of Real Property A short definition of Time Interval Maps: Maps showing a given area, indicating certain changes over a given period.
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Time Certificate of Deposit
Time Certificate of Deposit (t.c.d.) in the context of Real Property See: Certificate of Deposit in this legal Dictionary.
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Time Value of Money
The idea that a dollar today is worth more than a dollar in the future, because the dollar received today can earn interest up until the time the future dollar is received….
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Time Value of an Option
The portion of an option’s premium that is based on the amount of time remaining until the expiration date of the option contract, and that the underlying components that determine the value of the option may change during that time. Time value is generally equal to the difference between […]