Cost Approach: The process of estimating the value of a property by adding to the estimated land value. The appraisers estimate of the reproduction or replacement cost of the building, less depreciation.

 

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Cost Approach: The process of estimating the value of a property by adding to the estimated land value. The appraisers estimate of the reproduction or replacement cost of the building, less depreciation.

Lower Cost Or Market (LCM): A basis for valuing certain assets at the lower of original cost or current market value.

Marginal Cost: The increase or decrease in a firm's total cost of production as a result of changing production by one unit.

Life Cycle Costing: In property management, comparing one type of equipment to another based on both purchase cost and operating cost over its expected useful lifetime.

Lease Acquisition Cost: The legal fees and other expenses incurred when acquiring a lease.

Information Costs: The rise in the stock price following a dividend signal, or publication of some other related news.

Intercostal Muscles: The muscles that run diagonally between each rib (also known as rib cage abs). Intercostals help to control the expansion and contraction of your rib cage when you breathe.

Landed Costs: The total costs involved when importing goods. They include buying, shipping, insuring and associated taxes.

Market Approach: A method of pricing single-family rental homes and condos using comparable market data. When pricing multiple unit rental properties, the income approach is probably better.

Market Timing Costs: Costs that arise from price movement of a stock during a transaction period but attributable to other activity in the stock.