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

operating cost

Law; Contracts

Cost per unit of a product or service, or the annual cost incurred on a continuous process. Operating costs do not include capital outlays or the costs incurred in design and ...

operative

Law; Contracts

Part or segment of an agreement, legal instrument, or rule, that imparts meaning (or force or effect) to the whole.

operative words

Law; Contracts

Precise words through which the objective of an instrument is achieved.

optimal contract

Law; Contracts

A contract between parties that minimizes the costs as much as possible for all involved.

option

Law; Contracts

1. Contract to keep an offer open for a fixed period during which the offeror cannot withdraw the offer. 2. Formal contract between a seller (the optioner) and a buyer (the ...