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Cal-Vet Loan (California Veterans Loan)A program administered by the State Department of Veterans Affairs for the direct financing of farms and homes for veterans who qualify. | |
Capital AssetsAssets of a permanent nature used in the production of income. Examples would include land buildings and equipment. | |
Capital GainThe gain recognized for federal and state income tax purposes when a taxpayer disposes of a capital asset. | |
CapitalizationIn appraising a method of determining value of property by considering net income and a reasonable percentage of return on the investment. | |
Capitalization RateThe percentage rate or rate of interest considered a reasonable return on the investment. It is used in the capitalization method of determining value based upon net return. | |
Carpet StripMolding used at junction of baseboard and floor sometimes called a carpet strip. | |
Casement WindowWindows set in frames of wood or metal that swing outward. | |
Cash FlowThe new amount of cash a property produces when all cash income and other cash generated are added together and all cash expenses and other cash payments are deducted. | |
Cause of ActionA legal right; facts giving rise to an enforceable claim. | |
Caveat EmptorA Latin phrase meaning let the buyer beware"; the legal maxim stating that the buyer must examine the goods or property and buy at his or her own risk." | |