Business / Real Estate / Trade Fixture: An article of personal property annexed or affixed to leased premises by the tenant as a necessary part of the tenants trade or business. At the termination of a lease, a tenant must leave most fixtures in the premises, however, trade fixtures are removable by the tenant before expiration of the lease, and the tenant is responsible for any damages caused by their removal. However, a tenant cannot usually remove replacement fixtures, that is, improvements installed to replace worn-out ones. For instance, if a tenant installs a new bar to replace an old bar in a tavern the tenant leases, the tenant cannot remove the bar upon termination of the lease. If the tenant fails to remove trade fixtures within a reasonable time of lease expiration, the fixtures will be considered abandoned and will become the property of the landlord.
Fixture Adjective Synonyms: meet, meeting, event, match, occasion, occurrence
Trade Adjective Synonyms: commerce, business, traffic, exchange, barter, dealing(s), buying and selling, merchandising, marketing, mercantilism, truck
Trade Noun Synonyms: exchange, swap or swop, interchange, switch, barter, return
Business / Finance / Trade Acceptance: An oral (or electronic) transaction involving one party buying a security from another party. Once a trade is consummated, it is considered 'done' or final. Settlement occurs 1-5 business days later. MORE
Business / Agriculture / Trade Act Of 1974: P.L. 93-618 provided the President with tariff and nontariff trade barrier negotiating authority for the Tokyo Round of multilateral trade negotiations. It also gave the President broad authority to c MORE