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Real Estate Terms - L

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Limited Partnership

A partnership of one or more general partners, who operate a business, along with one or more limited partners, who contribute capital. This arrangement restricts the limited partners' liability to the amount of money they contributed.

 

Fri Dec 21 2007

Liquidate

Dispose of property or assets or settle debts.

 

Fri Dec 21 2007

Liquidity

The degree to which an asset is readily convertible into cash.

 

Fri Dec 21 2007

Listing

A contract between owner and broker to sell the owner's real property.

 

Fri Dec 21 2007

Long-Term Capital Gain

The gain incurred on the sale of an asset held for at least six months.

 

Fri Dec 21 2007


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