Dictionary

Injunction

Definition:   A writ granted by a court of equity whereby one is required to do or to refraim from doing a specified act. Pronunciation:   \in-ˈjəŋ(k)-shən\ Used in a Sentence:   An...

Ineffective

Definition:   The status of a license when it is inactive or has been suspended. Pronunciation:   \ˌi-nə-ˈfek-tiv\ Used in a Sentence:    Her license was was considered ineffective when she changed it...

Industrial

Definition:   Properties that include 1) sites in industrial parks or subdivisions, 2) redeveloped industrial parcels in central areas and 3) industrial acreage. Pronunciation:   \in-ˈdəs-trē-əl\ Used in a Sentence:    We...

Index Rate

Definition:   The rate to which the interest rate on an adjustable rate mortgage is tied. Pronunciation:   \ˈin-ˌdeks\ \ˈrāt\ Used in a Sentence:    The interest rate on one-year US Treasury securities...

Incurable

Definition:   An appraisal term referring to the external or functional obsolescence of an improvement where the cost to correct it is greater than the value added by the cure. Pronunciation:...

Income Statement

Definition:  A summary of all income and expenses of a business for a specific period o f time. Pronunciation: Used in a Sentence:   We had our accountant prepare an income...