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| Inflation |
| An increase in the general level of Prices, or a decrease in the market value of money. In effect it means that a Rand has less purchasing power now than it did a few years ago. Inflation is measured by the Consumer Price Index. The opposite of inflation is Deflation. When positive inflation is very low or zero, it is referred to as price stability. |
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| Asset |
| Any Property of value which a person owns or in which one is investing. This excludes currency, but includes gold and platinum coins. |
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| Urban Sprawl |
| A colloquial term for the expansion of cities in an impromptu and often wasteful manner. Dispersed development increases pressure on the resources of local government (public transport, basic services, etc.), because the area requiring services keeps expanding, even though the population density (the Rates-paying base) is low. |
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| Bid |
| A term with dual meaning; A). The amount that buyers at an Auction offer to pay in exchange for goods or services. B). The act of offering to buy goods at a certain price an auction. Bids are usually regulated increments as determined by the Auctioneer. |
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| Occupation |
| The right to physically occupy a property. |
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| Mean |
| A type of calculated average. |
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| Assessed Value |
| The value of property, as assigned by the local government authority for the purpose of determining Rates payable by the Owner. |
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| Market Rent |
| Determining market rental is subjective to a variety of factors, such as location and size. It is the rental amount that an informed, willing Lessee is prepared to pay an informed, willing Lessor in an open and competitive market. |
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| Deflation |
| A prolonged decrease in the general Price level or a sustainable increase in the purchasing power of money. Deflation can initiate a Deflationary Spiral. Because the risk of investing is higher than the holding currency, businesses could be reluctant to invest. The opposite of deflation is Inflation. Deflation should not be confused with Disinflation. |
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