100 PERCENT LOCATION – Also known as HUNDRED PERCENT LOCATION – The most desirable possible location for a particular company’s business enterprise.
4-3-2-1 RULE – For an area with commercial lots of uniform depth, the idea that 40% of the VALUE lies in the front quarter, 30% in the next quarter, then 20%, and 10%. If part of the PROPERTY is CONDEMNED by EMINENT DOMAIN, this provides some guidance as to the VALUE of the part taken.
401(K) PLAN – A salary reduction plan that allows employees to contribute a portion of their salaries on a tax-deferred basis.
