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

fixed price contract with economic price adjustment

Law; Contracts

Type of fixed-price contract which provides for upward and downward revision (based on a price scale such as consumer price index) of the stated contract price.

fixed price contract

Law; Contracts

Contract that provides for a price which normally is not subject to any adjustment unless certain provisions (such as contract change, economic pricing, or defective pricing) are ...

firm quotation

Law; Contracts

Quoted price and conditions which remain unchanged for a specified expiration date. Firm quotations without any expiration date are deemed to expire automatically 30 days after ...

firm order

Law; Contracts

Order that is not subject to cancellation until a specified expiration date. Firm orders without any expiration date are deemed to expire automatically 30 days after the date of ...

firm offer

Law; Contracts

Irrevocable, written, and signed offer regarding the sale or purchase of specified goods or services at specified prices, and valid for a specified period. If no closing or ...