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| Tax shelter
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Term that refers to various tax advantages, one of which is often real estate investment. |
| Tax shield
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Deductions that result in a reduction of tax payments. The tax shield equals the amount of the deduction times the tax rate. |
| Tax stop
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Clause in a lease that sets a maximum limit on the amount of property taxes that a lessor will pay. The lessee is required to pay any taxes in excess of that limit. |
| Taxable income
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For the individual, adjusted gross income less itemized deductions and personal exemptions. After taxable income is computed, the tax to be paid can be determined by looking at the tax rate schedules. For corporations, gross income less allowable business deductions. |
| Tear resistance
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A material's ability to withstand tearing. The test is performed by placing stress on an area of the material where a flaw is located. Tear Resistance is expressed in PSI per inch width or kilo-newton per meter width. |
| Tear strength
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The strength necessary to tear a material. |
| Tear-down
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Building in such poor condition that it cannot be repaired and must be completely rebuilt. |
| Tear-off
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To remove a roof system down to the structural substrate. |
| Teardrop texture
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Sprayed on finish that is allowed to dry with a pebbly finish. |
| Teaser rate
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An enticingly attractive initial rate below the market offered in an adjustable rate mortgage. In general, the interest rate reverts to the fully indexed rate at the first adjustment date. |
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