The Most Flexible Method of Land Description, Capable of Describing

question 2

Multiple Choice

The most flexible method of land description, capable of describing even the most irregular of parcels, can be described as a very precise, compass-directed walk around the boundary of a parcel. This method is commonly referred to as:

• A) metes and bounds
• B) subdivision plat lot and block number
• C) government rectangular survey
• D) tax parcel number

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Definitions:

Distributions

Payments made from a fund or account to its beneficiaries, such as dividends or withdrawals.

Dividend

A portion of a company's earnings distributed to its shareholders.

Capital Loss Carryforward

The process of applying net capital losses to future tax years to reduce taxable income, subject to limitations.

Net Capital Loss

The result when the total capital losses from investments exceed the total capital gains in a tax year.