NEWS & BLOGS EXCLUCIVELY FOR INFORMATION TO ENGINEERS & VALUERS COMMUNITY
FREEHOLD INTERESTS Freehold interests refer to ownership rights in real property, which is land and any permanent structures attached to it. In a freehold interest, the owner has full control over the property, subject to any applicable laws and regulations. Unlike a leasehold interest, which is a temporary right to use and occupy the property, […]
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NET ASSET VALUE AND BOOK VALUE Net asset value (NAV) and book value are two different financial metrics used to measure the value of a company. Net asset value (NAV) is a measure of the value of a company’s assets minus its liabilities. It is calculated by subtracting the total liabilities of a company from
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IMPORTANCE, NATURE AND PURPOSE OF DOCUMENTATION Documentation plays a crucial role in various fields and industries. Some of the key reasons why documentation is important include: Communication and Collaboration: Documentation provides a common language and a shared understanding of information, processes, and procedures. It helps to ensure that everyone involved in a project or process
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DIFFERENCE BETWEEN PRICE AND VALUE Price and value are two concepts that are often used interchangeably, but they actually refer to different things. Price refers to the amount of money that is paid for a product or service. It is the tangible, measurable cost of acquiring something. For example, the price of a car may
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RIGHTS AND LIABILITIES OF MORTGAGER AND MORTGAGEE The rights and liabilities of the mortgagor (borrower) and mortgagee (lender) are typically defined in the mortgage agreement or contract. Here are some general principles: Rights of the Mortgagor: Right to Possession: The mortgagor has the right to possess the property until the mortgage is paid off or
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THE INDIAN STAMPS ACT, 1899 The Indian Stamps Act, 1899 is a law that regulates the stamp duty regime in India. The Act provides for the levy of stamp duty on various types of instruments, including property transfers, agreements, bonds, and other legal documents. The purpose of the Act is to ensure proper revenue collection
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NATIONAL INCOME ACCOUNTING National income accounting is a system that measures and tracks the economic activity of a country, and provides a comprehensive measure of its economic performance. It is an important tool for policymakers, economists, and businesses to analyze and understand the economy. HISTORY: The idea of national income accounting originated in the early
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BASICS OF FISCAL POLICY Fiscal policy is the use of government spending and taxation to influence the economy. The aim of fiscal policy is to achieve economic stability and growth by controlling the level of aggregate demand (total spending) in the economy. There are two main types of fiscal policy: 1. Expansionary Fiscal Policy: This
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DIFFERENCE BETWEEN NATIONAL INCOME AND PER CAPITAL INCOME National income refers to the total income earned by all individuals, companies, and the government within a country’s borders in a given period, usually a year. It includes all forms of income, such as salaries, profits, rent, and interest. National income is calculated by adding up all
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DIFFERENCE BETWEEN COPYRIGHT AND TRADEMARK Copyright and trademark are two different types of intellectual property protection. Here are the main differences between the two: 1. Definition: Copyright is a legal protection that grants the creator of an original work the exclusive right to use, copy, distribute, and display their work. Trademark, on the other hand,
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DIFFERENCE BETWEEN ASSET MANAGEMENT AND WEALTH MANAGEMENT Asset management and wealth management are both financial services that involve managing a client’s investments, but there are some key differences between the two: 1. Definition: Asset management involves managing a client’s investments such as stocks, bonds, and other securities. Wealth management, on the other hand, is a
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MESNE PROFITS Mesne profits refer to profits or damages that accrue while a property is wrongfully withheld from the rightful owner or a person entitled to its possession. In other words, mesne profits are the compensation paid to the rightful owner of a property for the loss of its use and enjoyment during the period