Another name for the intermediary.

Textual matter that is added to a supplement document.

The distribution of sales price among various classes of assets.

A change or additions to a legal document which, when properly signed, has the same legal power as the original document.

A contract sold by an insurance company designed to provide payments to the holder at specified intervals, usually after retirement.

The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association.

An examination and verification of a company's financial and accounting records and supporting documents by a professional, such as a Certified Public Accountant.

Cash received by the seller, or the other property not of a like-kind to the relinquished property.

Excess of market value over the depreciation cost of property transferred to a new entity, or when a C Corporation converts to an S Corporation.

A business which is taxed separately from its owners, unlike a partnership.

To put off; to postpone to a future time.

An allocation of purchase price over a future period of time.

Commonly used to pass property directly from exchangor to Buyer and then from Seller to Exchanger. The Facilitator receives an equitable interest in the property.

All assets owned by an individual at death, to be distributed according to the individual's will (or a court ruling if there is no will)

A third party who facilitates an exchange of property.

That which one is under obligation to pay, or for which one is liable.

Property that is held for productive use in a trade or business.

A type of company authorized only in certain states, whose owners and managers receive the limited liability of a corporation and (usually) the tax benefits of a partnership.

A business organization with one or more general partners, who manage the business and assume legal debts and obligations, and one or more limited partners, who do not participate in day-to-day operations and are liable only to the extent of their investments.

In recent years, more and more investors are becoming familiar with the ease of owning commercial properties that are occupied by National Tenants who are often credit rated. The tenant is obligated under this form of lease to pay for all expenses associated with the operation of the property including property taxes, maintenance, insurance etc. The investor can be assured of a management free property with a minimum of risk. Typical companies such as WalGreens, Wal-Mart, Barnes and Noble are usually net leased.

A type of unincorporated business organization in which multiple individuals, called general partners, manage the business and are equally liable for its debts; other individuals called limited partners may invest but not be directly involved in management and are liable only to the extent of their investments. Or more generally, a relationship of two or more entities conducting business for mutual benefit.

All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets and season baseball tickets are all examples of personal property.

Written pledge to pay.

Another term for real estate. It includes land and things permanently attached to the land, such as trees, buildings, and stationary mobile homes.

Property to be given in an exchange by taxpayer.

Property received in an exchange by taxpayer.

Total dollar amount collected for goods and services provided.

A form of corporation, allowed by the IRS for most companies with 35 or fewer shareholders, which enables the company to enjoy the benefits of incorporation but be taxed in a manner similar to a partnership.