LESSEE
An individual who leases a land or property from a lessor. Also called tenant, the person should uphold certain obligations as stated in the lease agreement and by law. The lease is a legally binding document; in the event of a breach of contract, he or she could be evicted from the asset. The lessee has the following rights: privacy; basic standards of habitability such as water, electricity, and heat; and live in a space, which complies with local building codes.
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Maximum Loan-to-Value Ratio
Maximum allowable ratio of a loan’s size to the property’s value that is securing the loan. Lenders measure the risk using loan-to-valu ...
Cash Return on Assets Ratio
Ratio used to differentiate a business’ performance against other industry members. The company’s analysts may use the ratio internally ...
Retention Bonus
A reward given to an employee that serves as an incentive to keep that key employee on the job during a significant business cycle, like a merger o ...
Infrastructure
Basic physical systems of a business or country such as roads, utilities, transportation, communication, sewage, and water and electric systems, am ...
Cost Control
Act of managing and/or reducing business expenditures done by determining the costs and evaluating if such expenses are affordable and reasonable. ...
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