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C

Capital Gain

The gain recognized for federal and state income tax purposes when a taxpayer disposes of a capital asset.


Capitalization

In appraising a method of determining value of property by considering net income and a reasonable percentage of return on the investment.


Capitalization Rate

The 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 Strip

Molding used at junction of baseboard and floor sometimes called a carpet strip.


Casement Window

Windows set in frames of wood or metal that swing outward.


Cash Flow

The 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 Action

A legal right; facts giving rise to an enforceable claim.


Caveat Emptor

A 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."


Certificate Of Reasonable Value (CRV)

The Veterans Administration's written appraisal of the value of a property.


Certiorari

The Supreme Court order indicating that the court has decided to exercise its discretion and accept a case offered on appeal. The court reviews only those select cases that it deems worthy of review.



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