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Definition
A form of ownership in shich two or more owners have an indivisible interest in property. |
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Definition
A form of joint tenancy ownership in which the co-owners are husband and wife, and when one spouse dies, property passes to the surviving spouse. |
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Definition
A form of ownership in which two or more owners each have an identifiable fractional interest in property. |
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Definition
The cost to repair or replace property using new materials of like kind and quality with no deduction for depreciation. |
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Definition
The replacement cost of property minus depreciation. |
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Term
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Definition
The physical wear and tear or technological or economic obsolescence of property. |
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