Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Income Approach - The process of estimating the value of an income-producing property by capitalization of the annual net income expected to be produced by the property during its remaining useful life.

Instrument - A written legal document created to secure the rights of the parties participating in the agreement.

Insured - The indemnified person(s) or company(ies) who receive the proceeds of insurance in the event of insurable loss or damage.

Interior Partitions - All types of interior nonload-bearing partitions that enclose or subdivide tenant space. May be of steel, wood, glass, masonry or combinations of these materials. Such partitions may be either movable or non-movable, prefabricated or built on the job.

Irrevocable - Incapable of being altered, changed, or recalled.