20 Terms
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Relocation
Referring to any service that assists a family to move house or a business to move from one establishment to another.
Industry: Business services
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Relocation
escalator clause
Business services; Relocation
A clause in a contract providing for the upward or downward adjustment of certain items to cover specified contingencies, particularly interest rates.
equity advance
Business services; Relocation
Payment of a portion of the available equity in the employee’s home prior to the sale of the home.
equity
Business services; Relocation
The market value of real property, less the amount of existing liens.
encroachment
Business services; Relocation
An obstruction, building or part of a building that intrudes beyond a legal boundary onto neighboring private or public land, or a building extending beyond the building line or into an easement.
easement
Business services; Relocation
A right of way giving persons other than the owner access to or over a property.
earnest money
Business services; Relocation
Money given to a seller by a buyer with an offer to purchase as an illustration of good faith.
duplicate housing costs
Business services; Relocation
When an employee is responsible for two homes due to relocation, the corporation will assume financial responsibility for one of the homes typically the departure home for a specified period of time.
