Also called Allocation or Extraction Method.Ī faster method of determining the cost write-off of personal property, used in a business or for the production of income, by applying the straight-line method. ![]() Parents selling a property to their children for below market value may be an abnormal sale.Ī property owner who does not reside on the property, but who relies on a property manager to oversee the investment.Ī brief history of a property's title, including all judicial proceedings, conveyances, records, grants and wills, and a statement of all recorded liens and encumbrances.Ī method of determining the value or estimated selling price of land by deducting (abstracting) the value of any site improvements from the overall selling price of the property. Also called Maximum Collection Option.Ī letter that must be written to the customer at the end of 120 days if the claim cannot be tendered or concluded within this time period.Ī shipment consisting of Household Goods.Ī shipment consisting of furniture, fixtures, equipment and the property of stores, offices, museums, institutions, hospitals and other establishments.Ī shipment consisting of Special Products.Ī shipment released at Atlas' liability rate of 60 cents per pound per article.Īn unusual sale in a marketplace. The remaining balance is due within 30 days. On a COD shipment, if the actual cost of the shipment exceeds the estimated cost, Atlas may collect the estimate plus 10% from the customer before delivery. ![]() A shipment released at Atlas' minimum liability rate of $1.25 times the actual weight (in pounds) of the shipment.
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