Fractional Basis

Business / Real Estate / Fractional Basis: Each property in the improvement district is charged a prorated share of the total amount of the special tax assessment. The share is determined either on a fractional basis (four houses may equally share the cost of one streetlight) or on a cost-per-front-foot basis (wider lots incur a greater cost than narrower lots for street paving and curb and sidewalk installation).

Other Words for Basis

Basis Noun Synonyms: foundation, base, bottom, heart, footing, principle, underpinning, infrastructure
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Fractional Basis

Business / Real Estate / Fractional Basis: Each property in the improvement district is charged a prorated share of the total amount of the special tax assessment. The share is determined either on a fractional basis (four houses may equally s MORE

Fractional Discretion Order

Business / Finance / Fractional Discretion Order: Refers to the practice of institutional investors trading large blocks of securities directly to avoid brokerage commissions. See: Instinet. MORE

Fractional Distillation

Science / Chemistry / Fractional Distillation: A technique for separation of liquid mixtures by distillation that uses a tower attached to a flask containing the mixture to perform multiple distillations. Vapor moving up the column condenses on pa MORE

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