Concept used in valuing real property that conditions may be altered requiring a revised estimate of market value; for example, deterioration of property or capital improvements.
Change frequency
Adjustment schedule of an adjustable rate mortgage.
Change in principle
The switching, by a real estate company, from one accounting method to another.
Change order
Any modification of a construction contract, which is signed by the owner, the architect and the contractor. This would authorize a change in work, the amount of the contract or a change in the contract time.
Channel
(1) Decorative molding with a concave groove. (2) Groove or flute. (3) Metal structural shape whose cross section is letter C shaped, which is used to support installations such as door headers, windows, etc. (4) A radio frequency.
Channel block
Also referred to as a bond beam block, rebar can be mortared into the channel or groove of this concrete masonry unit to strengthen its installation.
Channel cable tray
Tray that uses a solid, one-piece bottom with side rails to support electrical cables where there are many run next to one another.
Channel flashing
Flashing with a built-in channel for runoff; used where roof planes intersect other vertical planes.
Channel iron
Metal structural shape whose cross section is letter C shaped, which is used to support installations such as door headers, windows, cable tray support and piping support.
Chapter eleven
Type of bankruptcy filing allowing restructuring and reorganization of existing debts which is used most often by businesses. Creditors must vote on a debt-paying plan and a judge must approve.
