|
|
| Income approach
|
|
Method of appraisal for real estate based on the property's anticipated future income; market value equals expected annual income divided by the capitalization rate. |
| Income producing property
|
|
Investment property. Real estate held for investment potential or in order to earn income by leasing or letting it, rather than for its own use. |
| Income property
|
|
Property that is used to generate income, i.e. rented to others as either commercial or residential. |
| Income statement
|
|
Profit and loss statement. Financial statement depicting a business entity's operating performance and reports the components of net income, including sales of real estate, rental income, operating rental expenses, income from rental operations, and income before tax. The income statement shows the cash flow for an entire accounting period, usually a quarter. The income statement is included in the annual report of the real estate corporation. |
| Income stream
|
|
A regular flow of money generate by a business or investment. |
| Income yield
|
|
Also known as capitalization rate it is the percentage rate of return estimated from the net income of a piece of property. |
| Incoming inlet temperature
|
|
Temperature of water entering the tank. |
| Incompatibility
|
|
Descriptive of two or more materials which are not suitable to be used together. |
| Incompetent
|
|
One who is not legally capable of completing a contract. This includes the mentally ill and minors. Incapable of performing duties because of a lack of knowledge and training. |
| Incomplete fusion
|
|
Poorly done weld, which has areas of incomplete weld fusion, where the weld isn't fused to the base metal in all places, making the strength of the weld weaker. |
|
|
|
|
|
