Definition: The amount to produce or acquire something. Pronunciation: Used in a Sentence: The cost to rebuild the structure was too high to..
Category : C
Definition: A system for estimating the market value of property based on the cost to buy the site and to construct a new building on the site, less depreciation. Pronunciation: \ˈkȯst\ \di- prē-shē-ˈā-shən\ \ə-ˈprōch\ Used in a Sentence: The contractor used the cost-depreciation method to calculate the cost to construct a building on..
Definition: Professionals who analyze existing or possible real estate problems and recommend a course of action. Pronunciation: \ˈkau̇n(t)-s(ə-)lər\ Used in a Sentence: The seller hired a counselor to help with the sale of his..
Definition: A rejection of the original offer by proposing a new offer, thereby terminating the original offer. Pronunciation: \ˈkau̇n-tər-ˌȯ-fər, -ˌä-fər\ Used in a Sentence: The seller rejected the initial offer and came back with a cou..
Definition: A warranty, guarantee, or promise formally given in a legal document. Pronunciation: \ˈkəv-nənt, ˈkə-və-\ Used in a Sentence: A covenant of seisin was in the deed showing the grantor is in possession of the property and has the good right t..
Definition: To make an entry on the right or credit side of an account; or, a payment of value received. Pronunciation: \ˈkre-dit\ Used in a Sentence: The purchase price of the property was entered as a credit to the seller on the closing ..
Definition: A lender; a person or business entity to whom a debt is owed. Pronunciation: \ˈkre-di-tər, -ˌtȯr\ Used in a Sentence: She owed thousands of dollars to the..
Definition: A street that is designed to connect to another street at only one end with a circular turnaround at the other end. Pronunciation: \ˈkəl-di-ˌsak, ˈku̇l-; ˌkəl-di-ˈ, ˌku̇l-\ Used in a Sentence: Many people prefer to live on a cul-de-sac because there is les..
Definition: Insufficient attention to duties and responsibilities by those who know, or should know, what is required of them. Pronunciation: \ˈkəl-pə-bəl\ \ˈne-gli-jən(t)s\ Used in a Sentence: The broker was charged with culpable negligence for not managing his agents..
Definition: When the correction of a defect results in as much added value as the cost to correct the defect. Pronunciation: \ˈkyu̇r-ə-bəl\ \di-ˌprē-shē-ˈā-shən\ Used in a Sentence: The repair of the cracked driveway was considered a curable depreciation because the owners were able to recoup the costs by getting a higher price for th..