Math FAQs Flashcards
(14 cards)
A level surface or piece of ground; the size of a surface; the amount of a two-dimensional object.
Area
The appraisal principle stating that the greatest value in a property will occur when the type and size of the improvements are proportional to each other as well as the land.
Balance
A mathematical process for estimating the value of a property using a proper rate of return on the investment and the annual net operating income expected to be produced by the property. The formula is expressed as follows: income ÷ rate = value.
Capitalization
The number written below the line in a fraction.
Denominator
A number or quantity divided into another.
Divisor
The measurement of a parcel of land by the number of feet of street or road frontage.
Front Footage
The length of property along the street or waterfront.
Frontage
Measurement in a straight line.
Linear Measurement
The number written above the line of a fraction representing the number to be divided by the denominator.
Numerator
One part in a hundred.
Percent
The number resulting from dividing one number by another.
Quotient
A year composed of 12 months, with each month consisting of 30 days, for a total of 360 days in the year. Also called a banker’s year.
Statutory Year
A math tool used to solve percentage problems indicating what values to multiply or divide to arrive at the unknown value.
X-bar Method
The amount of space of a three-dimensional object.
Volume