Real Estate Terms - C
Capital ExpendituresMoney spent by a business on improvements such as land, building, and machinery. |
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Capital GainFor income tax purposes, the gain realized from the sale of an asset less the purchase price and deductible expenses. |
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CapitalizationAn appraisal in which value is determined by considering net operating income and a reasonable percentage return on investment. |
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Capitalization RateA percentage used to determine the value of income property through capitalization. |
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Cash FlowThe owner's spendable income after deducting operating expenses and debt service. |
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Caveat EmptorA legal phrase meaning "let the buyer beware." The buyer takes the risk when purchasing an item without the protection of warranties. |
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Certificate of Reasonable Value (CRV)An appraisal of real property issued by the Veterans Administration. |
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Chain of TitleA history of conveyances and encumbrances affecting the title to real property as far back as records are available. |
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Chattel MortgageA mortgage on personal property, as distinguished from one on real property. |
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ClientOne who employs another's services, such as those of an attorney, real estate agent, or insurance agent. |
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