Tag: purchase
Lease Option
DefinitionA lease option is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant...
Earnest Money
DefinitionAn earnest payment is a specific form of security deposit made in some major transactions such as real estate dealings or required by some...
Earnout
What is an earnout and how does it work
An earnout is a performance-based bonus that is paid out over time, typically in addition to...
Same Property Rule
What is 'Same Property Rule' A regulation relating to IRA rollovers stipulating that whenever a financial asset is withdrawn from a retirement...
Yacht Insurance
Yacht Insurance What is 'Yacht Insurance ' An insurance policy that provides indemnity liability coverage on pleasure boats. Yacht insurance includes...
Tailgating
DefinitionTailgating is when a driver drives behind another vehicle while not leaving sufficient distance to stop without causing a collision if the vehicle in...
VA Loan
DefinitionA VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. The program is for...
ABC Agreement
What is 'ABC Agreement' An agreement made between a purchasing member with a seat on the NYSE and the firm in which...
KSOP
What is 'KSOP' A qualified retirement plan that combines an employee's stock ownership plan (ESOP) with a 401(k). Under this type of...
Qualified Acquisition Cost
What is Qualified Acquisition Cost
Qualified Acquisition Cost (QAC) is a measure of the costs incurred by a company to acquire or develop new products...