Real Estate Glossary Business Dictionary Definition Due Diligence Depreciation

Site Last Updated
12 March 2010

"Just letting you know we have sold our business - Clever Cuts Hair Design, and could you please remove the advertisement from the web site. We are fortunate to have sold the business through your web site. Thank you for time, effort and advise. Cheers Julia Watkins"

Clever Cuts Hair Design
Auckland, New Zealand

"The above business has been sold, thanks to the Aorata web page. We handed over a couple of weeks ago and today have finished our obligations and best of all, received all the cash. We both wish to thank you for all advise and recommendations re the above, and ask that last question, please remove us from the 'FORSALE' section. Once again, many thanks and yes we have passed on and will continue to do so the benefits of Aorata. Cheers, Tony & Ann."

Counties Cycle & Model Centre
Pukekohe, New Zealand

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Real Estate / Business Glossary

"D" Dictionary Definition - What is a :

Deposit
An amount of money placed in trust as evidence of commitment to buy. It’s also the amount of your own money that you put towards the purchase of a home or business. The deposit goes to the seller when your offer becomes unconditional.

Depreciation
Depreciation is the decrease in value of buildings, chattels etc as they gets older or more worn.

Discharge of Mortgage
This is what happens when you’ve paid everything back. The mortgage is discharged so the bank’s name is taken off the title to your property and the Certificate of Title is returned to you.

Due Diligence
The process by which careful consideration of every aspect of a proposed asset purchase or lease is reviewed including in-depth financial, legal and physical investigations. Usually in the context of buying a business. Sale and purchase agreements and lease agreements are often conditional upon the completion of due diligence within a specified period to the satisfaction of the purchaser or prospective lessee.