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
Of the sea or ocean. Life or activities relating to the sea or ocean.
Marine varnish
Varnish specially designed for immersion in water and exposure to marine atmosphere.
Marital deduction
Tax free amount transferable to a spouse, which, under current law, is unlimited.
Marker
Market absorption rate
The rate at which a market can absorb additional units of supply without causing market saturation and sever price distortions.
Market analysis
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
Method of valuing a property through examination and comparison of recent sales of comparable properties.
Market area
A regional area from which one can expect the greatest demand for a specific product or service.
Market comparison approach
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.
