A
Amortized – to gradually write off the initial cost of an asset over a period.
B
Bourse – another word for ‘stock exchange’ (French).
C
Capital expenditure (Capex) – funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technology, or equipment.
Capital Gains Tax (CGT) – tax on an asset (i.e., property) being disposed of for proceeds that exceed its base cost (‘How to calculate Capital Gains Tax when selling your Property’)
Conurbation – an extended urban area, typically consisting of several towns merging with the suburbs of a central city.
D
E
F
G
Gross Lettable Area (GLA) – the total area that can be rented out to tenant, normally expressed in square metres.
H
I
J
K
L
M
N
Net Property Income (NPI) – the amount (per annum) of gross income of any real property, less the property management expenses, building management expenses, repair expenses, utilities expenses, taxes, insurance premiums, and other related expenses.
O
P
Q
R
S
T
Trading density – a term used to describe sales turnover achieved per rentable square metre in a store or shopping centre.
