An indication of the degree to which a fund or investment has been successful at adding value or meeting a hurdle rate; calculated by subtracting a predetermined rate of return (su ...

The potential risk of loss from fluctuating foreign exchange rates when an investor has exposure to foreign currency or in foreign-currency-traded investments, also known as &ldquo ...

A term in a contract which seeks to exclude or limit the liability of one of its parties.

A legally binding clause that specifies that all investments that meet certain criteria will only be allocated to a particular investment vehicle managed by an investment manager a ...

The risk that a transaction will not be executed or consummated within the range of predetermined parameters or recent market prices.

The estimated or actual capitalization rate used to estimate the resale value of a property at the end of the holding period; calculated by dividing the expected net operating inco ...

A policy or legal clause that defines which expenses will be allocated to the property or fund or will be covered by the Manager under the Asset Management Fee.  

The ratio of expenses to gross income; a typical expense ratio is the relationship of normal expenses to effective gross income.

Costs which are paid back to a landlord by a tenant; generally includes property taxes, property insurance, maintenance and repair costs, and other operational expenses; at the end ...

The level (or maximum amount) up to which the landlord will pay certain operating expenses; amounts above the stop are the responsibility of the tenant.