Internal Rate of Return (IRR) is a crucial financial metric used to evaluate the attractiveness of an investment by calculating the annualized rate of return earned over the investment's lifespan, taking into account the effect of compound interest.
The Internal Rate of Return (IRR) is a financial metric used to evaluate the profitability of potential investments or compare the expected profitability of different investments. It is the discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.
The Internal Revenue Code (IRC) is a comprehensive set of tax laws enacted by the United States Congress to specify how various types of income are to be taxed and what deductions are allowed. It serves as the foundation for the country's federal tax laws and is critical in shaping tax policy and administration.
The Internal Revenue Service (IRS) is a federal agency that oversees the administration and collection of federal income taxes. Responsible for distributing tax forms, auditing tax returns, and enforcing federal tax laws, the IRS plays a crucial role in the financial ecosystem of the United States.
The Internal Revenue Service (IRS) is the U.S. federal agency responsible for tax collection and tax law enforcement, ensuring compliance with the nation’s tax laws and providing guidance and services to taxpayers.
International Architecture is an early-twentieth-century style characterized by simplicity, lack of ornamentation, and continuous window designs, giving a modern and minimalist appearance.
The International Association of Assessing Officers (IAAO) is a professional organization dedicated to promoting excellence in property appraisal, assessment administration, and property tax policy.
The International Code Council (ICC) is a nonprofit organization established in 1994, dedicated to developing a single set of comprehensive and coordinated national building codes. The ICC aims to ensure public safety and building performance through effective codes and standards.
The International Council of Shopping Centers (ICSC) is a prominent nonprofit association that supports the shopping center industry through a variety of resources, publications, and events focusing on financial, leasing, and legal matters.
The International Facility Management Association (IFMA) is a global organization focused on advancing the practice of facility management by integrating principles of business administration, architecture, and behavioral and engineering sciences. The organization promotes excellence through education, advocacy, and networking opportunities for its members.
A global organization dedicated to promoting private property rights and fostering international real estate investment and development.
The International Real Estate Society (IRES) is a federation of regional real estate societies that facilitates global cooperation among its members while allowing each society to maintain control over its activities.
The International Right of Way Association (IR/WA) provides education and professional development for individuals in the right-of-way industry, covering areas such as law, engineering, and appraisal. The association also offers the esteemed SR/WA designation.
Interpleader is a legal proceeding initiated by a neutral third party to resolve disputes between rival claimants over a particular property or transaction.
The Interstate Land Sales Full Disclosure Act (ILSA) protects consumers from fraud and abuse in the sale or lease of land across state lines by requiring developers to register subdivisions of 100 or more non-exempt lots with the Department of Housing and Urban Development (HUD) and provide prospective buyers with a property report.
An Interval Adjustment Cap refers to a limit on the amount a loan's interest rate can increase or decrease during each adjustment interval on an adjustable-rate mortgage (ARM). This cap helps borrowers predict and manage their mortgage payments by restricting rate fluctuation within set periods.
Interval ownership, also known as time-sharing, is a method of property ownership where multiple owners have exclusive rights to use a property for different intervals of time.
The term 'intestate' describes the condition of a person who dies without having made a valid will. In such scenarios, the deceased's estate is distributed according to state laws rather than the deceased's wishes.
Intrinsic Value refers to the inherent worth of a tangible property, distinguishing it from the perceived or market value. Assets like precious metals, art, and real estate are often evaluated for their intrinsic value due to their tangible desirability and utility.
Inventory in real estate refers to property held for sale or properties utilized in the development of goods destined for sale, which does not qualify for capital gains tax treatment.
Inverse condemnation is a legal procedure used to obtain compensation when a property interest has been taken or diminished in value by a government activity. It compels the government to pay the owner for such interference.
An investment involves the allocation of resources, usually money, into assets or ventures with the expectation of generating income or profit. It aims at wealth preservation and enhancement.
Investment analysis is the evaluation of the potential returns from real estate investments, helping assess the amount an investor should pay and the investment’s suitability. The analysis encompasses various methods to estimate returns based on multiple assumptions and investment horizons.
Investment bankers play a crucial role in helping organizations raise capital by bringing new securities such as stocks or bonds to the market, guiding clients through the complexities of financial regulation, pricing, and issuing.
The Investment Life Cycle refers to the entire process an investment goes through from its initial acquisition to its final disposal or sale. Understanding this cycle helps stakeholders make informed decisions regarding entry and exit points to maximize returns.
Investment properties are real estate assets purchased with the intention of earning a return on investment. This can be through rental income, the future resale of the property, or both.
An Investment Tax Credit (ITC) is a tax incentive that enables businesses to deduct a certain percentage of investment costs from their income tax liability.
Investment value refers to the estimated value of a real estate investment to a specific investor, which can vary from the property's market value based on the investor's unique situation and objectives.
Investment-grade property refers to real estate of such quality and size that it’s eligible for inclusion in high-quality institutional portfolios, typically owned by large investors like insurance companies, pension funds, and real estate investment trusts (REITs).
Involuntary alienation refers to the loss of property ownership against the owner's will, often caused by nonpayment of debts such as taxes or mortgage foreclosures.
Involuntary Conversion Condemnation occurs when private property is taken for public use without the owner's consent, often through eminent domain or sudden destruction by nature. This process leads to the conversion of private property into a public asset or adaptation.
An involuntary lien is a legal claim against property imposed without the owner's consent, often due to unpaid obligations like taxes or special assessments.
The Inwood Annuity Factor is a number used to determine the present value of a series of equal periodic payments from a level payment income stream, considering a specific interest rate.
Inwood Tables provide a set of annuity factors used for calculating the present value of an annuity based on various interest rates and maturity periods. These tables are instrumental in real estate and financial analysis.
An interest-only loan is a type of mortgage where the borrower is obligated to pay only the interest on the principal balance for a set period, usually between 5 to 10 years.
The International Right of Way Association (IR/WA) is a professional member organization compromised of global infrastructure real estate practitioners. IR/WA provides education, best practices, and forums for discussion to facilitate real estate and infrastructure professionals in acquiring land rights.
In the realm of real estate, 'irrevocable' refers to a commitment or agreement that cannot be changed, withdrawn, or undone once it is established. This term is commonly used in the context of legal and financial documents where permanence is crucial.
An irrigation district is a special-purpose, quasi-governmental entity designed to provide water and other utilities to rural areas, primarily for agricultural use.
An Italian Villa is a Latin-style, substantial 2- or 3-story house often constructed from masonry with prominent overhanging eaves.
Itemized deductions are specific expenses that can be deducted from taxable income to reduce the amount of federal income tax owed. They include costs such as mortgage interest, property taxes, and certain types of losses.
