Details Title: Florida Real Estate Description: Chapter 17 Total Flash Cards: 18 Created: 06/03/2005 11:37:42		New Users: To study from this flashcard set, or to create your own your own study flash cards, REGISTER HERE. Existing Users: CLICK HERE. Additional Real Estate & Planning Flashcards
Cards in this set: 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