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| MARGINAL UTILITY
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The additional worth or utility received when purchasing an additional unit of a commodity or service identical to the one being purchased. There is often no need for the second item; therefore its value is marginal. |
| MARINE
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Of the sea or ocean. Life or activities relating to the sea or ocean. |
| MARINE VARNISH
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Varnish specially designed for immersion in water and exposure to marine atmosphere. |
| MARITAL DEDUCTION
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Tax free amount transferable to a spouse, which, under current law, is unlimited. |
| MARKER
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| MARKET ABSORPTION RATE
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The rate at which a market can absorb additional units of supply without causing market saturation and sever price distortions. |
| MARKET ANALYSIS
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Research of the supply and demand condition of the real estate market and specific properties in a specific area to discover future trends. |
| MARKET APPROACH
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Method of valuing a property through examination and comparison of recent sales of comparable properties. |
| MARKET AREA
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A regional area from which one can expect the greatest demand for a specific product or service. |
| MARKET COMPARISON APPROACH
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Method of appraising real estate based on a market comparison of neighboring properties having similar characteristics to ascertain what it could cost to substitute a similar property for the current one. |
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