Area measurement (square measure) used primarily in the United States. One (1) acre is equal to 43,560 square feet, 4,046.86 square meters, or 0.4047 hectares.

The business of agricultural production, particularly that of food supply. This term applies generically to such various enterprises as farm equipment, machinery, and supplies; seed production; livestock and poultry operations; processing; and sales and distribution.

A unit of measurement for animals in any feeding operation. This measure expresses the size of the animal feeding operation (AFO). One beef cow is equal to 1 animal unit. Different types of animals or feeding operations use different multipliers and ratios.

1. Any transaction in which the two parties are unconnected and have no overt common interests. Such a transaction most often reflects the true or fair market value of a property. 2. Completion of a sales contract between a seller who is willing but not compelled to sell and a buyer who is willing but not compelled to buy, both parties being fully informed of all the purposes to which the property is best adapted and is capable of being used, under normal conditions on the open market.

Natural Sciences: 1. The steep, sloped sides of a river or stream that create the channel in which streamflow is carried; the sloped sides of any drainage or irrigation channel.
2. A ledge or other elevated formation under the surface of a sea or ocean that forms an area of relatively shallow water.
Finance: 3. An institution where funds are deposited and held in various types of accounts. Banks usually allow account holders to issue checks or notes on funds held by the bank; banks may also lend funds or even issue money.

Terms, Definitions, and Concepts: Ecology, Economy, Finance and Investment, Hydrology, Science, Water

Definition:
Auction: 1. The price at which a bidder buys or sells an item. Also known as Auction price or Auction value.

Economy: 2. The market price at which supply meets demand and money is exchanged for goods or services.
Finance and Investment: 3. The most recently traded price of any security; the price at which sellers agree to sell an asset and buyers agree to buy it.

Terms, Definitions, and Concepts: Auction, Economy, Finance and Investment, Real Estate

1. Usefuleness or desirability as a business, commodity, or investment. 2. A quality or characteristic of an investment, property, goods, or services such that it can be sold or traded at a profit.

Definition:
1. An iterative auction format in which the auctioneer starts the bidding at a high price, with each successive bid one bid increment lower than the last. The first bidder wins the auction, paying the last announced price at the time of the bid. Also known as a descending clock auction or open descending price auction.

2. An auction format for selling multiple identical items, based on a clearing price. The auctioneer or issuer of the securities begins at a high initial price, lowering the price incrementally until bids are received and the clearing price is established. Bidders may sometimes submit demand curves rather than a single bid. In this case, each bidder wins the quantity of the item demanded at the clearing price, and paying that amount for each item won. This type of auction is commonly used in the trading of securities, especially U.S. Treasury Department notes and inflation-indexed securities. Also known as a uniform price auction.

Terms, Definitions, and Concepts: Auction, Economy, Finance and Investment, Real Estate

The highest monetary price a property would bring, if offered for sale in an arm's-length transaction for a reasonable period of time in a competitive market. Also known simply as market value.

What is "Fannie Mae" (FNMA)?
Fannie Mae is the nickname of the Federal National Mortgage Association (FNMA), a U.S. government-sponsored enterprise (GSE) chartered by Congress to provide liquidity and stability to U.S. housing and mortgage markets.

What does Fannie Mae do?
Fannie Mae tries to ensure that primary lenders (mortgage companies, banks, etc.) have the funds necessary to make affordable loans to consumers. Like its cousin Freddie Mac (FHLMC), Fannie Mae does not make loans directly to home buyers, dealing instead in the secondary mortgage market. Fannie Mae funds its mortgage investments primarily by issuing debt securities in the domestic and international capital markets.

Fannie Mae concentrates its operations in three areas: Single-Family, Housing and Community Development, and Capital Markets. Fannie Mae's business activities are aimed at providing services, products, and solutions to its lending and housing partners. The overall goal of Fannie Mae, and in fact the mission for which it was chartered, is to increase the total amount of housing funds available in the U.S., thereby making home ownership and rental housing more available and affordable.

History of Fannie Mae
Fannie Mae was created in 1938 as a federal agency. Its organizational structure was changed in 1968 to a private shareholder-owned company. In reality, Fannie Mae remained a quasi-government agency. When the bubble burst in the U.S. residential real estate market in 2007-08, many of the questionable management decisions and accounting practices of Fannie Mae's directors were exposed. The company began to lose vast amounts of money, and was eventually taken over by the U.S. government in September 2008, when James Lockhart, Director of the Federal Housing Finance Agency (FHFA), appointed his agency as conservator of Fannie Mae. In addition, the U.S. Department of the Treasury agreed to provide up to $100 billion of capital as needed to ensure the company continues to provide liquidity to the housing and mortgage markets. Many experts claim this figure could be much higher, approaching $200 billion or more when all is said and done.

Terms, Definitions, and Concepts: Economy, Finance and Investment, Management, Real Estate

Definition: An agency of the government of the United States that insures bank deposits, oversees financial institutions, and manages receiverships. The self-stated mission of the FDIC is to "maintain stability and public confidence in the nation’s financial system". Federal deposit insurance protects the first $100,000 of deposits that are payable in the United States.

Terms, Definitions, and Concepts: Economy, Finance and Investment, Management, Real Estate

What is "Fannie Mae" (FNMA)?
Fannie Mae is the nickname of the Federal National Mortgage Association (FNMA), a U.S. government-sponsored enterprise (GSE) chartered by Congress to provide liquidity and stability to U.S. housing and mortgage markets.

What does Fannie Mae do?
Fannie Mae tries to ensure that primary lenders (mortgage companies, banks, etc.) have the funds necessary to make affordable loans to consumers. Like its cousin Freddie Mac (FHLMC), Fannie Mae does not make loans directly to home buyers, dealing instead in the secondary mortgage market. Fannie Mae funds its mortgage investments primarily by issuing debt securities in the domestic and international capital markets.

Fannie Mae concentrates its operations in three areas: Single-Family, Housing and Community Development, and Capital Markets. Fannie Mae's business activities are aimed at providing services, products, and solutions to its lending and housing partners. The overall goal of Fannie Mae, and in fact the mission for which it was chartered, is to increase the total amount of housing funds available in the U.S., thereby making home ownership and rental housing more available and affordable.

History of Fannie Mae
Fannie Mae was created in 1938 as a federal agency. Its organizational structure was changed in 1968 to a private shareholder-owned company. In reality, Fannie Mae remained a quasi-government agency. When the bubble burst in the U.S. residential real estate market in 2007-08, many of the questionable management decisions and accounting practices of Fannie Mae's directors were exposed. The company began to lose vast amounts of money, and was eventually taken over by the U.S. government in September 2008, when James Lockhart, Director of the Federal Housing Finance Agency (FHFA), appointed his agency as conservator of Fannie Mae. In addition, the U.S. Department of the Treasury agreed to provide up to $100 billion of capital as needed to ensure the company continues to provide liquidity to the housing and mortgage markets. Many experts claim this figure could be much higher, approaching $200 billion or more when all is said and done.

Terms, Definitions, and Concepts: Economy, Finance and Investment, Management, Real Estate

The total income or revenue without deductions produced by an individual, corporation, etc. in return for labor, goods, or services rendered. Contrast with net income.

The revenue (monetary or non-monetary receipts) earned by a company, individual, corporation, etc. in return for labor, services, goods, investments, property, or operations.

A scale comparing relative values with each other or a predetermined reference.

1. The sum paid or accrued in return for the use of money; the rate of such payment or accrual expressed as a percentage of the total amount of the loan.
2. A right, share of, participation in, or claim to something.

Monetary or other payment received by a party as recompense or reparation for the taking of property under the powers of eminent domain or condemnation. From the takings clause of the Fifth Amendment to the United States Constitution, just compensation is often determined by the fair market value of a property. Other methods of determining fair compensation for property that has been taken through government proceedings include negotiation between the owner and the government or by court action.

The highest monetary price a property would bring, if offered for sale in an arm's-length transaction for a reasonable period of time in a competitive market. Also known as fair market value.

Of or having to do with money or currency; financial.

Coins or paper bills issued by a government to be used as a measure of value and a medium of exchange.

1. The income or revenue (monetary or non-monetary) earned by an individual or business after the deduction of expenses such as taxes, insurance, losses, etc. Contrast with gross income.
2. The revenue a business or property will earn in a given year's operation, according to the following simplified formula: Net income = Gross income - Expenses

Definition: An iterative auction which starts with a high bid, which is incrementally lowered until a bid is placed. The first bidder wins the auction, paying the last announced price. Also known as a Dutch auction, this auction format is used for selling many types of securities.

Terms, Definitions, and Concepts: Auction, Economy, Finance and Investment, Real Estate

Occurring regularly or semi-regularly in time, as a periodic tenancy, periodic rent, periodic portfolio review, etc.

Latin.
1. To divide or distribute proportionately according to ownership, time remaining on a contract, etc.
2. In proportion to: A prorated refund for a partially fulfilled contract is equal to the payment amount remaining for that portion of the contract which is unfulfilled. Also known as prorate.

1. To divide or distribute proportionately according to ownership, time remaining on a contract, etc.
2. In proportion to: A prorated refund for a partially fulfilled contract is equal to the payment amount remaining for that portion of the contract which is unfulfilled. Also known as pro rata.