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22 Mar 23

BOND

A blight area may be defined as one that is declining and characterised by serious destructive economic forces, such as encroaching inharmonious uses, infiltration of poorer social classes and rapidly depreciating buildings. This definition draws attention to the three related aspects of blight: economic, social and physical.
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22 Mar 23

BLIGHT

A blight area may be defined as one that is declining and characterised by serious destructive economic forces, such as encroaching inharmonious uses, infiltration of poorer social classes and rapidly depreciating buildings. This definition draws attention to the three related aspects of blight: economic, social and physical.
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22 Mar 23

BENCHMARK

This is a permanent reference mark or point established for use by Land Surveyor’s in measuring differences in elevation. It is identification symbols on stone, metal, or other durable matter permanently fixed in the ground and from which differences of elevations are measured as in tidal observations or topographical surveys…
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22 Mar 23

BASIS OF VALUE

Basis of Value could be defined as a statement of the fundamental measurement principles of a valuation on a specified date. The principle may vary depending on the purpose of the valuation. In this regard, basis of valuation is not the statement of the method used, nor a description of…
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22 Mar 23

BANKRUPTCY

This is a situation in which a debtor is unable to pay his debts, the state or government through a trustee or other officer appointed for the purpose, takes possession of his property, which is then distributed among his creditors to satisfy their claims. This system has two fold purpose…
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22 Mar 23

ASSIGNMENT

This is the transfer of an interest in a bond, mortgaged, lease or other instrument by writing. It can be one called the assignor to another called the assignee. An assignment is usually absolutely in writing, followed by express notice in writing to the debtor or trustee.
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