25 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
Capital gains
Business services; Relocation
Gains realised from the sale of capital assets. Generally, the difference between cost and selling price, less certain deductible expenses. Used mainly for income tax purposes.
Buyout
Business services; Relocation
The purchase of a home by a third-party company to alleviate the owners from the responsibility of selling the home themselves. The home is then sold by the third party company.
Buyer value option (BVO)
Business services; Relocation
A home sale programme in which the value for the home is established by a bona fide offer from an outside buyer, and not by an appraised value offer from the employer or relocation service company.
Commitment fee
Business services; Relocation
Any fee paid by a potential borrower to a lender for the lender's promise to lend money at a specified rate and within a given time.
Collateral
Business services; Relocation
Property pledged as security for a debt, such as the real estate pledged as security for a mortgage.
Collect on delivery (COD)
Business services; Relocation
Transportation for a private shipper for which payment is required at the time of delivery at the destination residence (or warehouse).
Cloud on title
Business services; Relocation
An outstanding claim or encumbrance, which, if valid, would affect or impair the owner's title.
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