Real estate

Real estate

Of or pertaining to property of land and the buildings on it. This also includes any minerals, crops, or any other natural resource. The business of real estate is the buying, selling, or renting property.

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Real estate > Contracts

balancing payment

Law; Contracts

A payment made by a participant in a Cost Contribution Arrangement (CCA) to adjust the participant's share of contributions. A CCA is a framework established to share the costs of ...

bare agreement

Law; Contracts

This is an alternative term for naked contract.

bank guaranty

Law; Contracts

Letter of indemnity issued by a bank to a third party, on behalf of a customer and against the customer's counter-guaranty as a security. A bank, for example, may issue a guaranty ...

qualified product specification

Law; Contracts

Alternative term for 'approved brand or equivalent' specification.

qualitative requirements

Law; Contracts

In contracting, quality of design specifications defined in narrative form to be later translated into numerical values.

qualified products

Law; Contracts

List of products that have been tested prior to their actual procurement under a contract to establish which supplier(s) can comply with the product specifications.