Cost Approach

Business / Real Estate / 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.

Other Words for Approach

Approach Verb Synonyms: near, advance, draw or come near or nearer or close or closer, come nigh
Approach Noun Synonyms: access, passage, way, path, course, entry
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Other Words for Cost

Cost Noun Synonyms: sell for, get, fetch, bring in, set (someone) back
Cost Verb Synonyms: price, outlay, payment, charge, expense, expenditure, rate, tariff
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Lower Cost Or Market (LCM)

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

Marginal Cost

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

Market Approach

Business / Real Estate / 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. MORE

Life Cycle Costing

Business / Real Estate / 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. MORE

Lease Acquisition Cost

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

Information Costs

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

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