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A Label Which Represents a Class or Group of Objects

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A label which represents a class or group of objects, people, or events that share common characteristics or attributes is called


Definitions:

Holdback

A specified percentage that a person owing funds on a construction contract must retain for a specified period to protect against claims made by the suppliers of goods and services.

Real Property

Land and anything permanently affixed to it, such as buildings and trees, including both the physical property and the rights associated with owning it.

Personal Property

Objects or belongings that are not fixed to land or buildings, including both physical items and intangible rights.

Chattel

Personal property that is movable, as opposed to real estate or land.

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