Choose the One Most Appropriate Answer for Each

question 36

Multiple Choice

Choose the one most appropriate answer for each.
-allows the tenant to buy the property at a preset price for a given period of time

• A)"as is"
• B)bill of sale
• C)binder
• D)closing date
• E)delayed exchange
• F)dry rot
• G)earnest money deposit
• H)equitable title
• I)installment contract
• J)lease-option
• K)letter of intent
• L)loan commitment
• M)optionee
• N)option fee
• O)prorating
• P)purchase contract
• Q)qualified intermediary
• R)right of first refusal
• S)"time is of the essence"
• T)vendee

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Definitions:

Accrual Accounting

An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transaction takes place.

Sustainable Annualized

Reflects the ability to maintain performance or activity levels over a year considering current resources and capacities.

Long-Run Future

A perspective focusing on an extended period, considering long-term outcomes, trends, and potential impacts beyond immediate short-term considerations.

Free Cash Flow Valuation

A method to value a company based on the cash flows available after funding operations and capital expenditures.