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The costs required to convert raw materials into finished product; including direct labor and overhead
Payments where the amount and/or timing is dependent on other events, usually the income from the property
An appraisal method that values a property based on the cost to reproduce it today That amount is usually adjusted for depreciation
A mortgage loan that is not backed by insurance from a government agency or other source
Income from a note that is at least partially based on the income from the property This is common in financing commercial real estate For example, Fred loans Madison $1 million at 8% The terms also require the payment of 3% of the cash flow from the ...
A defense argument that the plaintiff did not exercise sufficient care and that this contributed to his injury
A contract clause that permits the party to terminate, at its own discretion
An asset account that normally has a credit balance The contra account is used to offset a related account The approach is used so that the regular asset account is shown at the original or undiminished value For example, accounts receivable has a contra ...
The stated, or nominal, interest rate in a contract
Term life insurance which is convertible into whole life without showing insurability