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Florida Real Estate
Chapter 17
18
Real Estate & Planning
Not Applicable
06/03/2005

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Cards

Term
appreciation
Definition
an increase in value
Term
asset
Definition
anything to value
Term
balance sheets
Definition
in financial reports that shows the Company's financial position at stated moment in time
Term
cash flow
Definition
the resulting amount when annual debt service tax liability and capital improvement costs are subtracted from net operating income
Term
dynamic risk
Definition
the rest that arises from the continual change in the business environment and therefore dynamic rest cannot be transferred to an insurer
Term
equity
Definition
the market value of a property less any debt against it
Term
going concern value
Definition
the worth of a business including real estate goodwill and earning capacity
Term
goodwill
Definition
and intangible assets of a business
Term
income statement
Definition
a summary of all income and expenses of a business for a stated period of time
Term
investment
Definition
the outlay of money in anticipation of income or profit
Term
investment value
Definition
the work of a property to a particular investor based on his or her desired rate of return
Term
leverage
Definition
the use of borrowed funds to finance the purchase of an asset
Term
liquidity
Definition
the ability to convert non-cash assets into cash quickly
Term
REIT
Definition
a method of pooling investment money using the trust form of ownership
Term
replacement cost
Definition
the expenditure of constructing a building with current materials and techniques that has the same functional utility as a structure being appraised
Term
reproduction costs
Definition
amount required to duplicate the property exactly
Term
risk
Definition
a chance of loss of all or part of investment
Term
static risk
Definition
risk that can be transferred to an insurer such as risk of vandalism fire and so forth
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