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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

performance specification

Law; Contracts

Written requirement that describes the functional performance criteria required for a particular equipment, material, or product. In contrast, a design specification describe ...

performance standby

Law; Contracts

An alternative US term for performance bond.

permanent lender

Law; Contracts

Mortgage lender that provides long-term (15 to 30 years) financing for real estate projects after completion of construction phase.

permanent loan

Law; Contracts

This is an alternative term for permanent financing.

permanent mortgage

Law; Contracts

This is an alternative term for permanent financing.

physical completion

Law; Contracts

State of project where it is functioning, but has not yet started to generate cash flows.

planned value

Law; Contracts

Estimated value of work to be accomplished within a fixed period. It serves as a baseline against which actual performance is measured.