This glossary of terms has been composed by FIRST STRATA to provide you with an easily accessible and comprehensive description of the many terms frequently used in all aspects of land sales.
We trust you will find it both useful and informative.
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See CALENDAR YEAR; FINANCIAL YEAR; FISCAL YEAR; LEAP YEAR; RATING YEAR; YEAR OF ASSESSMENT.
For income and capital taxation purposes, a calendar year beginning April 6 and ending April 5 for which liability is calculated, eg “1988-89” describes the year of assessment beginning April 6 1988. See FISCAL YEAR.
See TENANCY FROM YEAR TO YEAR.
See TENANCY FROM YEAR TO YEAR.
In valuations by the investment method, the amount by which the net income is multiplied to arrive at capital value. It is synonymous with the present value of £1 per annum and is the reciprocal of the annuity £1 will purchase. For most purposes, tables of years’ purchase are either single rate or dual rate.
See TENANCY FROM YEAR TO YEAR.
The colloquial name for the loose-leaf publication issued by the Council of the International Stock Exchange and entitled Admission of Securities to Listing, which has a bright yellow cover. It lays down minimum requirements for:
a. the admission of stocks and shares to listing, ie quotation.
b. the contents, scrutiny and publication of listing particulars, and
c. continuing obligations for those responsible.
A limited circulation consultation paper embodying revised proposals by the government on a particular subject after consideration of submissions made in response to the relevant Green Paper. It is sent to official bodies, representative and professional organisations and others who have commented on or expressed interest in proposals put forward in the Green Paper. See WHITE PAPER.
See CROP YIELD; INVESTMENT YIELD. Refer to Appendix IV.
In agriculture, the average amount of milk, wool or other product per animal for a given period. Cf CROP YIELD.
Give up possession, especially by the tenant at the end of a lease.
