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Drive Time-Based Trade Area

Definitions

A geographic area containing the customers of a particular firm or group of firms for specific goods or services based on consumer travel time and distance to the interest point(s) ...

Dry Powder

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The amount of capital committed to a fund minus the amount of capital that has been called by the sponsor or general partner of the fund.

Due Diligence Questionnaire (DDQ)

Definitions

A questionnaire given to a company to retrieve a standard set of documents and information that exemplify the strategy, investment and operating capabilities of the company.   ...

Due-on-Sale Clause

Definitions

A provision in a mortgage contract that requires the mortgage to be repaid in full upon a sale or conveyance of partial or full interest in the property that secures the mortgage; ...

Due-on-Transfer Clause

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A provision in a mortgage contract that requires the mortgage to be repaid in full upon a sale or conveyance of partial or full interest in the property that secures the mortgage; ...

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA)

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A measure of a company's or investment’s overall financial performance; utilized as an alternative to simple earnings or net income in some circumstances.

Easement

Definitions

A legal right to use another's land for a specific limited purpose.

Economic Feasibility

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The feasibility of a building or project in terms of costs and revenue, with excess revenue establishing the degree of viability.

Economic Life

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The period over which an entity expects to be able to use an asset, assuming a normal level of usage and preventive maintenance.

Economic Obsolescence

Definitions

The reduction in a property’s value due to external circumstances (outside of the property’s boundaries), which may be caused by economic or locational factors; general ...

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