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Property

Open market value

In the realm of finance, we often come across the term 'best price'. This refers to the highest amount that can be obtained for a property when it is sold under fair and unbiased conditions. It is determined by taking into account the market value and any relevant legal assumptions. In simpler terms, it is the most optimal price that can be expected for a property at the time of its valuation.

Central business district

In the world of finance, the focal point of a city is often its central business district. This bustling hub is home to a variety of amenities, including shopping centers, of...

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Facilities management

Creating a conducive work environment for employees involves integrating various specialized fields. This includes designing the physical layout, implementing efficient proc...

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Written-down value

Depreciation is a crucial concept in finance that refers to the reduction in value of an asset over time. It is calculated by deducting the annual or periodic depreciation a...

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HVAC

When discussing the infrastructure of a building, one term that often arises is HVAC, which stands for heating, ventilation, and air conditioning. This system is responsible...

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