A leasehold is another term used to describe a long-term lease or rental. Property ownership returns to the original owner at the end of the term.Know More
A leasehold is a real estate term that is used to describe a piece of property that is rented via an agreement for a long period of time. It most often applies in situations where the renting party is building something new or making improvements to an existing structure on land that is owned by the renter. The period of the rental agreement or lease may be for as many as 99 years.
The term often applies in development situations where a corporation signs a leasehold to build a commercial structure. Most buildings in these situations are obsolete by the end of the leasehold, but as the end of the lease approaches, the corporation typically has three choices:
There are also leasehold arrangements for residential properties, which can be expensive. Leasehold arrangements are popular in various European communities and in a few U.S. locations, like Hawaii. In the case of a residential leasehold, the lessee purchases the property for a certain period of time and is able to make any improvements he or she sees fit. At the end of the period, the entire property, including any improvements or additions, reverts to the original owner.Learn more about Real Estate
Centrifugal force is a term used to describe an imaginary concept that states that during circular motion people and objects are pulled outward from the center, which in fact is caused entirely by inertia. Examples of this inertial phenomenon include cargo swaying when a truck takes a turn and mud flying from a spinning wheel.Full Answer >
Pitch circle diameter is a term used to describe the centerline diameter of a circular bolt spacing, the diameter of theoretical friction discs that would transmit the same velocity ratio as two meshing gears, or the diameter at which the thread tooth equals the thread spacing for screw threads. Context should be used to determine whether the term is being used to describe bolt spacing, gears or threads.Full Answer >
Result oriented is a term used to describe an individual or organization that focuses on outcome rather than process used to produce a product or deliver a service. As such, a number of processes are used where the most effective and economical process is identified.Full Answer >
Working distance is a term used in microscopy to describe the distance between the specimen and the lens. Microscopes usually have a short working distance.Full Answer >