A professional organization of manufacturers or other businesses formed to promote and industry or adopt uniform standards.
Trade equity
Other assets, which could include real estate, which are given by a buyer to a seller as part of the down payment.
Trade fixture
Articles of personal property installed, in rented buildings, by the tenant, to help carry out a trade or business. Trade fixtures are removable by the tenant before the lease expires and are not true fixtures.
Trade name
Word, or group of words, that identifies a business or one of its products. The name is registered with the U.S. Patent Office and provides legal protection for an indefinite number of renewals for periods of 20 years each. In effect, the name has an unlimited life.
Trade-in
Amount received for old property when exchanged for new property.
Trading down
Buying a less expensive home than the one owned currently.
Trading on equity
Also called financial leverage, borrowed funds are used to magnify returns. Trading profitably on the equity, also called favorable financial leverage, means that the borrowed funds generate a higher rate of return than the interest rate paid for the use of the money. The excess accrues to the benefit of the owner because it magnifies, or increases, his or her leverage.
Trading up
Buying a more expensive home than the one owned currently.
Traffic
Any rooftop activity that can potentially damage the roof surface.
Traffic circle
A circular intersection allowing for continuous movement of traffic at the meeting of major roadways.
