A letter issued by legal counsel to an investor stating various legal conclusions with respect to the investor, delivery of which is often a condition to the Investor being include ...

An investment cash flow pattern in which an investment initially requires a significant amount of negative cash flow in the early years of investment with positive cash flow distri ...

A corporation-type closed-end fund listed on the Tokyo Stock Exchange (TSE), where the investment units are publicly traded.

A risk-adjusted performance measure that represents the average return on a portfolio or investment, above or below that predicted by the capital asset pricing model (CAPM), given ...

A debt financing obligation issued to a company or an individual by a bank or similar financial institution which is lower in priority to a first or more senior debt/loan/mortgage. ...

With reference to leasing:  a right of a party to terminate an agreement, such as a tenant’s or landlord’s right to terminate a lease based on insufficient percent ...

Implemented in 2012 by FINRA Rule 2090 (Know Your Customer) and Rule 2111 (Suitability), regulations that require broker-dealers to know and keep essential facts of their customers ...

The vacancy in between consecutive leases.

A method used to value land, in the absence of vacant land sales, by using a typical ratio of land to improvement value; also known as “allocation method”.

Any activity that modifies the visible features of an area of land.