LANDLOCKED
A parcel of property without any direct access via public thoroughfare except through an adjacent lot. For instance, an empty lot behind a mall and can only be reached by passing through the mall is considered landlocked. A landlocked property is literally "locked-up" because it is surrounded by other buildings and may be hidden from view. Due to its inaccessibility, this type of land is worth less than other properties, making it more difficult to sell these lands.
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Dynasty Trust
Long-term trusts made to pass wealth from one generation to another without paying transfer taxes including estate and gift taxes. The trust can su ...
C&I
Loan made to a business or company, not to an individual, which provides either working capital or finances key capital expenditures. Usually short ...
Hypermarket
Hypermarket is a combination of a department store and a grocery supermarket. A hypermarket offers various products like clothing, groceries, and a ...
Assets Under Management
The asset's market value which an investment company handles on behalf of investors. Assets Under Management (AUM) is perceived as a scale of s ...
Business Income Coverage Form
Insurance policy which covers a loss of income a firm incurs due to a slowdown or temporary suspension of its operations because if damage to its p ...
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