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Financial terms in "Legal"

1. Nuisance Fees

2. Substantive Law

3. Submit

4. Lex Loci

5. Three-Of-Five Test

6. Real Estate

7. Viz

8. Financial Guardian

9. Infra

10. Writ Of Prohibition

11. Referendum

12. Emblements

13. Primogeniture

14. Incorporator

15. municipal

16. Subpena (Subpoena)

17. Bankruptcy Petition Preparer

18. confidence game

19. Title Deed

20. Retained Earnings

21. legal age

22. meeting of the minds

23. Appellate Jurisdiction

24. Judgment Debt

25. Separation Agreement

26. holder in due course

27. constructive discharge

28. disability

29. Federal Trade Commission (FTC)

30. Grandfathered In

31. Call option

32. Chief Justice

33. Supersedeas

34. Proceeds For Damaged Exempt Property

35. Tenancy By The Entireties

36. Vigilante

37. Bylaws

38. Lulac

39. Running At Large

40. Competent Evidence

41. warrant

42. Cap And Trade

43. Ergo

44. legacy

45. Superior Court

46. Criminal

47. bad debt

48. on or before

49. Compounding A Felony

50. liable

51. Blue Flu

52. Presiding Judge

53. Face value

54. Truth In Lending Act

55. Lemon

56. involuntary bankruptcy

57. mistake

58. remise

59. Whiplash

60. Directed Trust

61. Freeze out

62. Closing Argument

63. Graham V. Florida (2010)

64. C Corporation

65. Doing Business As (Dba)

66. Vagrancy

67. Connivance

68. Guardian

69. claims

70. Unsecured debt

71. Prerogative Writ

72. Savings and Loan

73. Eyewitness

74. Life Act

75. Inadmissible Evidence

76. Child Custody

77. Index

78. Alternate Beneficiary

79. Formula Ab Trust

80. Servient Estate

81. Zambrano

82. Dicta

83. Self-Employed

84. Elements (Of A Crime)

85. Cccs

86. Constructive Possession

87. Privacy

88. Undue Burden

89. interlocutory appeal

90. leverage

91. Elder Law

92. Cross-Licensing

93. conservatorship

94. cancel

95. Preference

96. Visitation Rights

97. Poison Pill

98. Inference

99. legatee

100. Health Benefits

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Featured term of the day

Definition / Meaning of

Highest And Best Use

Categories: Real Estate,

Key appraisal and zoning principle employed in valuing any parcel of land or property. Since the value of a property and its use are closely linked, its highest and best use is that which results in the highest present value, and brings in the greatest net return over a given period or the foreseeable future - within the applicable constraints. The value of, and return on, a property are related to its surrounding environment so its use has to be consistent with the neighboring land use. Because a property's value is influenced by the local competitive and political forces, the timing of the property development is another critical factor. And, especially in metropolitan areas, where a property can be put to several different uses, its combination of uses is very important. A highest and best use appraisal must take these four factors into consideration: (1) legal permissibility, (2) physical possibility, (3) financial feasibility, and (4) maximum productive use. However, even the most detailed appraisal is simply a considered opinion of an appraiser, not the final word.

Most popular terms

1. Mortgage-backed Security
2. Passively Managed
3. Self-supporting Bond
4. 529 College Savings Plan
5. Employer Sponsored Retirement Plan
6. Relative Strength
7. Other Structures: Homeowners Policy
8. Internalization
9. Call Option
10. Net Asset Value (NAV)

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