Glossary extracted starting with automatic seeds, with PTM for the domain tou and language EN
self-storage unit | A warehouse or other facility that rents units to people for storing possessions |
bell captain | The person in charge of luggage at a hotel. |
sale - lease | For the purposes of sales coding, the term lease means a lease or license of otherwise exempt land |
sale - foreclosure sale | The sale of a mortgaged property resulting from mortgage foreclosure, authorized by a court decree or a power-of-sale clause, to satisfy the debt |
centurion | officer in the powerful army of the Roman Empire |
bpa | Blanket Purchase Agreement |
redact | to put in writing |
turnaround time | Time required to clean, disassemble, and/or remove objects from a function/guest room and reset it for another function or guest. |
expansionist | seeking to increase power, influence, territory |
brc | Business Reply Card. |
value | The relationship between the benefits associated with a product or service and the costs of obtaining the product or service. |
joint tenancy | Ownership of land by two or more persons whereby, on the death of one, the survivor or survivors take the whole estate. |
reformation | Religious movement in the 16th century which led to Protestant churches being established |
sale - cash | A sale for money in hand |
plant capacity | The production capability for which the plant was designed |
residual intangible assets | Those intangible assets of a business (going concern) that have not been separately identified and valued in an appraisal |
deposit | An advance payment required to obtain and confirm space. |
inquiry | A request for more information about an attraction or destination. |
product life cycle | The cyclical pattern of demand for most products from "new and exciting" to "old and dated." Almost all products (tourism and otherwise) have these cycles. |
pictura | (Latin) painting; many of the extant examples of Roman painting are frescoes, that is painting on wall plaster; however, there is evidence that informs us that painting was also done on wood, ivory and other materials. |
leg | Portion on a journey between two scheduled stops |
pr | Public relations. |
clergy | Leaders of the church, such as priests, vicars or bishops |
url | Universal Resource Locator |
valuation adjustments | A market derived factor used in mass appraisal processes to account for variations within a competitive set or market area between the value of benchmark properties and specific properties with different attributes. |
funeral services | (a) arrangements and services related to the interment or cremation of human remains, |
real estate | Physical land and appurtenances attached to the land, e.g., structures |
tickler system | A method for monitoring reservations and payments that’s arranged by date and points out late payments so customers can be contacted. |
sale - distress sale | • A form of liquidation in which the seller receives less for the goods than what would be received under normal sale conditions; esp |
error | An assertion or belief that does not conform to objective reality; a belief that what is false is true or that what is true is false |
environmental risk assessment report | A report which identifies the potential onsite and offsite environmental risks of any specified substances causing contamination before and after remediation, and procedures, including monitoring, designed to mitigate any significant potential risks so identified. (Contaminated Site Regulation, s |
visit usa committee | A committee of U.S |
due diligence | In the context of real estate, a term which refers to the extent of investigation completed for a real estate task related to brokerage activities, property management, valuation, or other real estate research. |
pascha | Another name for Easter, the Feast of Christ's Ressurection |
recusant | Those who refused to attend Anglican services in England and Wales during the period from 1590 to 1650 |
vacation packages | Vacation packages are planned for those traveling independently |
electoral area | An electoral area in a regional district as specified by the letters patent for the regional district |
confidential information | Information that is not available to the public, including actual information about specific properties, such as financial information, provided to BCA and used as the basis for creating derived information. |
golf revenue | All sources of income related to golf - green fees, memberships, tournament income - excludes initiation fees. |
potter | the creator of a vase, does not include the painting of the vase. |
first sale | Residential strata properties which are "pre-sold" may reflect "below market" pricing; Developers may use this strategy for the first few sales to encourage interest in their project. |
capital assets | Assets of a permanent nature used to produce income, e.g., land, buildings, machinery, equipment. |
pass throughs | A form of additional rent in which the tenant pays a proportionate share of the operating expenses |
limited market property | A property that has relatively few potential buyers at a particular time (Appraisal of Real Estate, 2nd Edition, 2002) |
shells | Preprinted brochures with photos, illustrations, and graphics but no text; also called slicks. |
processing | A procedure which results in a change in the nature or appearance of the goods and treatment which makes the goods more marketable |
convenience store | The term refers to a convenience store or a retail outlet, typically located in proximity to a residential neighbourhood, where convenience goods can be purchased; provides a convenient location and longer hours for the quick purchase of a wide array of consumable goods and services. |
clia | Cruise Lines International Association. |
single room occupancy | Any building that contains rooms intended or designed to be used, rented or occupied for sleeping or living purposes by tenants and is the primary residence of those tenants. |
confidential property information | Includes information that is not: |
aba | American Bus Association |
developing farm | Land being developed as a farm which does not yet meet the production requirements of Section 5 of the Classification of Land as a Farm, but which meets the requirements of Section 8 of the Regulation. |
prologue | the opening in ancient tragedy and comedy, usually in the form of a soliloquy or a dialogue; a way to convey the dramatic setting and situation of the play and introduce the background of the main characters . |
public information | Information that is not confidential information. |
scheduled flights | Air flights that are publicly scheduled and promoted by major airlines. |
pollution | The presence in the environment of substances or contaminants that substantially alter or impair the usefulness of the environment |
word-of-mouth promotion | Personal communication about a product or service from one customer to another. |
glamer | Group Leaders of America Travel Show www.glamer.com |
perfidus | (Latin) disloyal ; the English word “perfidy” is etymologically linked to this word. |
distress sale | A form of liquidation in which the seller receives less for the goods than what would be received under normal sale conditions; esp |
flanders | Northern Dutch-speaking part of Belgium |
ravine | A narrow, steep-sided valley that is commonly eroded by running water and has a slope grade greater than 3:1 |
value-added tax | A type of tax system which adds a fixed percentage of taxation on products and services at each step of production or service delivery. |
hospital | A non-profit institution that has been designated as a hospital by the minister and is operated primarily for the reception and treatment of persons: |
gdp | Gross Domestic Product; a measure of a nation's wealth |
target market | The group of customers who will be the focus of a company’s marketing efforts |
marina | A marina is a facility for temporary or permanent boat mooring, consisting of docks, floats or piers and services such as fuel and ship's stores. |
motorcoach | A large, comfortable, well-powered bus that can transport groups and their luggage over long distances |
license | A license of real property is a privilege to go onto premises for a certain purpose, but does not operate to confer on, or vest in, licensee any title, interest, or estate in such property |
internal inspection | Used to describe the job function done by a BC Assessment appraiser when they visit a property to inspect the building inside and out for the purpose of collecting or verifying the physical property characteristics. |
archbishop of canterbury | the most important Bishop in the Church of England. |
taxation year | The calendar year to which an assessment roll applies for the purposes of taxation as referred to in section 3 (2) (Assessment Act, s |
coefficient of dispersion | The average deviation of a group of numbers from the median expressed as a percentage of the median |
descriptive research | A form of marketing research that is used to provide detailed answers about customer markets. |
permanent structure | Any building or structure that was lawfully constructed, placed or erected on a secure and long-lasting foundation on land in accordance with any local government bylaw or approval condition in effect at the time of construction, placement or erection |
farm | An area of land classified as such under the Assessment Act |
foreclosure sale | The sale of a mortgaged property, authorized by a court decree or a power-of-sale clause, to satisfy the debt. (Black's Law Dictionary, 8th edition) |
demands | A consumer’s wants backed by the ability to purchase. |
capital expenditure | Investments of cash or the creation of liability to acquire or improve an asset, e.g., land and buildings |
book of common prayer | The book containing the structure and words for religious services in the Church of England |
chattels | An article of personal property, as distinguished from real property |
improvements | Any building, fixture, or other similar structure attached to land or another improvement |
physis | Greek term meaning nature or natural way of being |
saint | A person who lived a life devoted to God; a worthy example of holiness, virtue, or kindness and charity; someone who lets God's love shine through them to the world |
incentive tour | A trip offered as a prize, usually by a company to stimulate employee sales or productivity. |
range | The range, or confidence interval, in which the final market value opinion of a property may fall; usually stated as a variable amount between a high and low value limit |
religious organization | Organizations that "...promote the spiritual teachings of a religious body and ...maintain doctrines and spiritual observances on which those teachings are based |
local authority | Means: |
turnkey | A turnkey situation is when an owner makes a property ready for a tenant to begin business by having the tenant furnish only furniture, phone and inventory, if any |
nagpra | Native American Graves Protection and Repatriation Act 25 U.S.C |
satw | Society of American Travel Writers |
prefect | Title of many high officials in the Roman Empire |
demised area | The walled off and secured area of a leased space, separated from spaces leased to others (by a "demising" wall) |
public authority | Means any of the following:(a) the government of Canada, the government of British Columbia or the government of another province, or an agent of any of them;(b) a local government body, educational body or health care body, as those terms are defined in the Freedom of Information and Protection of Privacy Act; (c) a first nation; (d) a body in another province or country that provides local government services;(e) any other body prescribed by regulation as a public authority for the purposes of one or more provisions of this Act or the |
upgrade | To move to a better accommodation or class of service. |
ideologue | one who blindly follows an ideology or set of beliefs |
floating home | Floating Home means a structure built on a flotation system, which is used for permanent residential habitation and is not intended for navigation, nor usable as a navigable craft |
overnight accommodation | Any strata lot that is used or available for overnight stays (e.g., any place that has a bed) whether or not it is rented and regardless of the length of stay. |
outliers | Values that differ markedly from a measure of central tendency |
transliterate | to spell a word using the characters or alphabet of another language |
sgmp | Society of Government Meeting Planners |
timber mark | A symbol used by a logging company to identify its cut timber |
fair market value | A term used in the Property Transfer Tax Act. |
comp. | Complimentary. |
strata accommodation property | Name or acronym for those strata lots which do not qualify to be grandfathered into Class 1 under s |
pilgrimage | a journey undertaken for religious reasons or toward a religious shrine |
strategic plan | A report that describes a company’s mission statement, goals, objectives and strategic actions. |
minaret | tall, thin towers or spires that are a distinctive part of Islamic mosques, from the top of which the call to prayer is given |
aaa | American Automobile Association. |
ottoman | relating to an ancient Turkish dynasty |
fit | Acronym with multiple meanings |
half storey | The topmost (above grade) floor in a building that is resident over an existing storey with oblique walls or vertical walls less than 8 feet but greater than 4.5 feet in height |
transfer | The service of transportation from the modes of transportation (air, rail, bus, ship, boat) terminal to the accommodation. |
dcced | Department of Commerce, Community, & Economic Development |
bishopric | Office or rank of a bishop |
geotourism | Tourism that sustains or enhances the geographic character of the place being visited--its environment, culture, aesthetics, heritage, and the well-being of its residents |
institutional property | Property usually held by a government body for the benefit of the public good, i.e |
deposit | Partial payment used to hold space, usually refundable if cancellation is made enough in advance. |
empirical | based on real-world observations |
partnership | Two persons who dance together |
tourism | Travel undertaken for pleasure |
cost to cure | Cost-to-cure is a measure used for curable physical deterioration and curable functional obsolescence. |
plastic | refers to a material that is molded. |
origen | Theologian in the 3rd century who developed his own theory of the Trinity |
interested person | An individual or entity with no direct involvement in the appeal management and no rights to make submissions or participate in hearings |
marketing | The promotional activities that bring buyers and sellers together. |
charter | To hire the exclusive use of a transportation vehicle. |
municipality | Municipality means, as applicable, |
swot analysis | A summary of a company’s strengths and weaknesses, and the environmental opportunities and threats that will most influence it. |
bishop | The highest order of ministry; supervises a number of local churches; guards the faith, unity, and discipline of the whole church |
related appeals | • Unresolved appeals of the same property in previous years • Appeals that are dependent upon the results of other appeals |
praeda | (Latin) the things taken in a war; plunder. |
tariff | (1) Fare or rate from a supplier; (2) Class or type of a fare or rate; (3) Published list of fares or rates from a supplier; (4) Official publication compiling rates or fares and conditions of service. |
worship | Reverence or adoration of a deity through acts, rites or ceremony |
verst | A Russian measure of linear distance equal to about two-thirds of a mile |
independent agent | An individual, acting as an agent who is not employed by an agency. |
amenities | A feature that increases attractiveness or value, particularly of a piece of real estate or a geographic location |
philosophy | 'love of wisdom'; rational investigation of theories and principles or knowledge, existence, and conduct. |
fly/drive tour | A F.I.T |
cooperative advertising | Advertising that promotes and is sponsored by two or more companies or governmental agencies. |
net lease | Generally a lease in which the tenant pays for utilities, janitorial services, and either property taxes or insurance, and the landlord pays for maintenance, repairs, and the property taxes or insurance not paid by the tenant. (Dictionary of Real Estate Appraisal 4th edition) |
plant - primary site | The primary plant site is the site containing the majority, or highest concentration of plant improvements. |
travel | The act or procedure of traveling; movement or passage from one place to another. |
architecture | The art and science of scheming and erecting buildings. |
risk based standards | An approach using risk assessment to identify and evaluate substances, persons potentially affected, and exposures to the substances in order to estimate cancer risks or hazard indices in accordance with a director's protocol |
bombast | exaggerated, overblown language |
campground operator | A person or persons who manage(s) a campground. |
cyrillic | alphabet used in the Russian language |
inertia | quality of being difficult to move or change |
occupier | (a) a person who, if a trespass has occurred, is entitled to maintain an action for trespass, |
used exclusively | Refers to the activities conducted in the facilities rather than to the use of the facilities |
plant | A collection of industrial improvements and associated land used for a purpose identified in s |
escrow accounts | Funds placed in the custody of licensed financial institutions for safekeeping |
adam smith | 18th-century philosopher who developed the theories behind modern capitalism, the dominant economic system in the world based on free markets |
left-wing | political position supporting the rights of the people, especially the poor and powerless, against the power of the wealthy |
responsible person | Section 45 of the Environmental Management Act identifies those persons responsible for remediation of contaminated sites |
value-based pricing | Pricing a product based on buyer perceptions of value rather than actual product costs. |
bulk fare | Fare available only to tour organizers or operators who purchase a specified block of seats from a carrier at a low, non-commissionable price and then have the responsibility of selling the seats, including a commission in their marked-up price for the seats. |
home based business | A business use which is carried out property which is primarily intended for residential use, either in the main residence or other buildings located on the property. |
prosopon | A particular individual |
unqualified sale | Sales that do not meet the Qualified criteria |
highway neighbors | Loose-knit group of communities and businesses situated along the road system. |
kiosk | A small free-standing booth (typically around 100 sq ft) within an enclosed mall designed to encourage impulse buying |
stalin | powerful, often ruthless and cruel leader of the Soviet Union, 1922-53 |
sale - qualified | Data from Land Title and Survey Authority (LTSA) indicates the sale meets criteria to be used for analysis. |
wants | Ways in which a person satisfies a basic need. |
eligible heritage property | A property designated with heritage protection under either of the Heritage Conservation Act, Local Government Act, Community Charter or Vancouver Charter. |
place of public worship | It is clearly correct to take into account the principal use of the properties in considering the context of "place" |
stocap | Acronym for "short-term overnight commercial accommodation property" |
voucher | Document to be exchanged for goods or services, substantiating that payment has already been made |
asmp | Alaska Society of Media Photographers. |
consortium | A group of persons/companies that pool together their resources to obtain benefits such as commissions, advertising, etc. |
product life cycle | The cyclical pattern of demand for most products from “new and exciting” to “old and dated.” Almost all products (tourism and otherwise) have these cycles. |
nave | long hallway that serves as the main body of a church that leads to the altar |
miscellaneous subdivisions | The various easement, reference, or statutory right-of-way plans associated with a subdivision. |
focus group interview | A research interview format in which a trained, objective moderator facilitates respondents' discussion of a given topic |
collateral | Brochures, posters, and other materials used to support tourism promotion. |
mead | a honey wine popular in the Middle Ages |
fratricidal | having to do with killing one's brother(s) or sister(s) |
vacancy | Seniors' housing vacancy is expressed as a per cent of potential gross income. |
forfeiture | Forfeiture is the transfer of ownership of privately owned real property to the provincial Crown, due to the non-payment of rural property taxes |
effective age | The age indicated by the condition and utility of a structure |
folio | A collection of data, identified by a roll number, that consists of ownership, actual value and other information required for assessment purposes |
dormer | A window set vertically in a structure projecting through a sloping roof; also: the roofed structure containing such a window |
wait-list | List established when there are no more ready available spaces; names waiting for cancellations. |
availability | This could pertain to air/hotel or car that means if space is open to sell to the public. |
pantheon | All the gods of a particular belief system, taken together |
greater board | Means the corporate body, incorporated by an Act, with responsibility for the provision of water or sewage and drainage services |
incurable defects | A defect that cannot be cured is one that affects the substance of the notice |
federal property - land | Land subject to payments in lieu of taxes |
protagonist | the leading character or hero in ancient Greek tragedy; in modern literary criticism, the central character in a drama or another |
volume purchase | The purchase of large quantities of a product or service. |
land characteristic | A land characteristic describes a feature of the land component. |
contaminated sites | An area of the land in which the soil or any groundwater lying beneath it, or the water or the underlying sediment, contains |
chain-ratio method | A method for forecasting market demand by multiplying a base market figure by a series of consumption constraints. |
farm income ratio | Actual Income/Required (Threshold) Income = Income Ratio. |
local areas | Local areas, established under the Local Services Act, are areas within which a particular service is provided and for which extra property taxes are levied on the residents by the provincial government |
orthodox | conforming to the rules and doctrine of a religion |
retail agency | Travel company selling directly to the public, sometimes a subdivision of a wholesale and/or retail travel organization. |
sale | A real property transaction which involves the transfer of an interest in real property from one party to another party. |
ad hoc group | See Pre-formed Group. |
minimum connect time | Defined as the minimum time necessary between linking flights - 30 minutes domestically, usually - ideally, at least a hour. |
set apart | Made available for, or to be made available for |
reject sale | A sale that will not be included in a sales study. |
service | The performance of work or duties for a better or as a servant |
strata plan | A plan that shows real property divided into two or more strata lots. |
farm classification | Under the Classification of Land as a Farm Regulation, a farm is all or part of a parcel of land used for: |
wholesale | Sale of travel products through an intermediary in exchange for a commission or fee generally at reduced tariffs. |
deadheading | Making a trip or a segment of a trip without passengers, such as driving an empty |
federal property - improvements | Improvements subject to payments by the Federal Crown for further information, see the Payments in Lieu of Taxes Act. |
break-even point | The point at which revenues and expenses are the same |
sublease | A lease given by one tenant to another to create a sub-tenancy, usually only for the duration of the original tenant's lease term |
giza | city in Egypt where several of the greatest pyramids are located |
opiate | a drug derived from opium, or something that acts like such a drug |
lease interest | The interest held by the lessee (the tenant or renter) through a lease conveying the rights of use and occupancy for a stated term under certain conditions |
unclassified | Folio listings or tallies are done so according to various coding parameters |
resident per diem fee | The daily rate residents of publicly funded facilities pay towards their care |
distance learning | Any activity in which the learner participates in a resource education experience from a location remote from the resource in question and without the personal presence of a agency representative, i.e |
interim use | The use to which a site or improved property is put until it is ready for its future highest and best use. |
encroachment | An interference with or intrusion onto another's property |
land surrounding | "..."land on which the building stands" is the footprint of the building or buildings ..., but not the surrounding land |
ahma | American Hotel & Motel Association. |
government/expropriation sale | The property is taken from a private individual or corporation by government in exchange for compensation |
hsmai | Hospitality Sales and Marketing Association International www.hsmai.org , www.abt-travel.com |
interim sale date | The date on which the vendor and purchaser entered into a contract of purchase and sale. |
outfitter | A business providing the equipment necessary for some adventure or activity, such as white-water rafting. |
independent living | Apartment-style accommodations that provide supportive services such as meals in a communal dining room, light housekeeping and flat linen service, 24-hour emergency response and organized activities |
bespoke | Custom-made |
extension | A fully arranged sub-tour offered optionally at extra cost to buyers of a tour or cruise |
day rate | Special rate for non-overnight use of a hotel room |
tenant improvements | Extensive tenant improvements can influence contract rents or they may be built into the asking rents as a tenant improvement allowance |
gerrymandered | an area divided among different groups so as to give one group an advantage because more people of that group live in a certain part |
community care facility | A premise or part of a premises |
ustdc | U.S |
telemarketing | Direct marketing via the telephone. |
manufactured home | A structure, whether or not ordinarily equipped with wheels, that is designed, constructed or manufactured |
peripatetic | founded by Aristotle, the Peripatetic school was where he taught philosophy to his students; this school is famously parodied in Aristophanes’ The Clouds. |
period | a designated length of time in history. |
moderate | Single family dwelling built after 1930 |
instrument | (a) a Crown grant or other transfer of Crown land, and |
goodwill value | The value attributable to goodwill |
wroth | Vehemently angry; incensed |
arta | Association of Retail Travel Agents. |
hotel classification | There is no official classification or accepted rating system for U.S |
dinghy | small boat |
encomium | Latin meaning praise of a person or thing; A five-part genre with prologue, birth and upbringing, acts of the person's life, comparisons to praise the subject, and epilogue |
motorinos | popular brand of electric scooters |
responsible person | Section 45 of the Environmental Management Act |
pilgrimage | A journey made to a sacred place as an act of religious devotion |
related party sale | • Sale where the vendor and purchaser are associated, for example related companies or related individuals |
ttra | Travel & Tourism Research Association. |
teaser piece | A teaser piece can either be a rack brochure (*see “rack brochure” above), or a mailer, giveaway, or some other promotional piece that is intended to “tease” the receiver into taking a specific action. |
system | A voluntary building rating system that evaluates environmental performance from a "whole building" perspective over a building's life cycle |
sale - government/expropriation sale | The property was purchased from a private individual or corporation by government for government or public purposes (e.g |
fixed costs | Costs that don’t change with sales or production levels. |
teaser piece | A teaser piece can either be a rack brochure (*see "rack brochure" above), or a mailer, giveaway, or some other promotional piece that is intended to "tease" the receiver into taking a specific action. |
rmo | Regional Marketing Organization. |
naca | National Air Carriers Association. |
land | includes |
sale - uninformed purchaser | The purchaser was not knowledgeable of market conditions |
sightseeing companies | Organizations that provide local guided tours. |
revised roll | Includes amendments made by the assessor and the property assessment review panels during February and March of each year |
possession | Having control over a thing with the intent to have and to exercies such control |
rate type | A rate type is a code that indicates the units of comparison to be used, and, thus, the way valueBC calculates land value |
wtm | World Travel Market. |
hotel | An establishment that provides lodging and usually meals and other services for travellers and other paying guests |
precentor | Clergy person responible for music and liturgy in Anglican churches |
quality - economic rate | Qualities 1-5 represent the quality of the income stream, not necessarily construction quality |
order-in-council | Subordinate legislation made under the authority of a statute |
tenant | One who has the temporary use and occupation of real property owned by another person (called the "landlord"), the duration and terms of the tenancy being usually fixed by a lease |
cash sale | A sale for money in hand |
departure tax | Fee collected from a traveler by the host country at the time of departure. |
attraction | A natural or man-made facility, location, or activity which offers items of specific interest |
polytheism | belief in many gods. |
luxury | Something inessential but favorable to pleasure and comfort |
farmer's dwelling | A dwelling which is: |
airline fare | Price charged for an airline ticket |
competitive market set | The range of properties of a specific type which a typical buyer or seller (investor) would normally consider as alternatives for comparison of investment opportunities. |
gross building area | The total constructed area of a building |
capital expense | The amount required to satisfy the interest on and amortization of an investment; also called capital charge |
registered or registration | In respect of real property, refers to the registration in the books of the land title office |
ratio study | A study of the relationship between assessed values and market values |
economic impact study | Research into the dollars generated by an industry and how these dollars impact the economy through direct spending and the indirect impact of additional job creation and the generation of income and tax revenue. |
pow wow | TIA's annual meeting for U.S |
vested | When the right, interest or title to the legal estate is transferred back to the owner or to any other party. |
unit | Sleeping room or combination of bedroom and bathroom offered for rent as a unit for the overnight accommodation of a guest or guests |
listing | An offering of a property for sale, generally associated with a Multiple Listing Service |
squatter | A squatter is a person who settles on another's land, without legal title or authority; a person entering upon lands, not claiming in good faith the right to do so by virtue of any title of his own or by virtue of some agreement with another whom he believes to hold the title |
input tax credit | A credit which GST/HST registrants may claim for GST/HST paid or payable on purchases relating to a commercial activity. |
industrial automotive property | Industrial Automotive Properties include: |
on-site programming | Educational or interpretive activities conducted by agency personnel within agency’s unit jurisdictional boundary. |
basilica | A church with a privileged canonical status granted by the Pope or of a particular architectural style |
marina - small | A facility with less than 100 slips. |
tax sale | The sale of real property, usually at auction by a public authority, in order to pay delinquent municipal taxes assessed by the owner |
partial interest sale | The sale of a divided or undivided right in real estate that represent less than the whole. |
pr | Public Relations |
off-site programming | Educational or interpretive activities conducted by agency personnel outside the agency’s unit jurisdictional boundary. |
goodwill | A business's reputation, patronage and other intangible assets that are considered when appraising the business, especially for purchase; the ability to earn income in excess of the income that would be expected from the business viewed as a mere collection of assets |
leisure travel | Travel for enjoyment as opposed to business. |
shopping centre kiosk | A small free-standing booth (typically around 100 sq ft) within an enclosed mall designed to encourage impulse buying |
tia or tiaa | Travel Industry Association of America. |
manufacture | "Manufacturing" is an activity that creates end products different in form, qualities or properties from the original materials |
redemption | The Redemption Period is a one-year period provided immediately following forfeiture, during which the former owner or registered charge holder can pay all the outstanding property taxes and the title of the property will be restored to the former owner (redemption). (Ministry of Finance-Property Taxation Branch) |
conversion | Getting “heads in beds” or otherwise closing the sale |
inventory | Means Goods that are: |
wayfinding signage | Signs to aid the public in orienting themselves geographically within a specific location and which identify functional units within the location. |
unusual financing | The purchaser used unconventional financing to purchase the property |
duty-free imports | Item amounts and categories specified by a government that are fee of tax or duty charges when brought into the country. |
budgeted balance sheet | A budget that measures total assets and liabilities. |
shuttle | The word shuttle could have several meanings |
excommunication | the exclusion of an offender from participation in the life of the Church and religious services |
rebar | steel rod used to reinforce concrete to make it stronger |
lo-rise | A structure 4 stories or less. |
lease | A lease is any agreement which gives rise to relationship of landlord and tenant (or lessor and lessee) of real property; contract for exclusive possession of lands or tenements for determinate period |
hospital facilities | Includes laboratories, laundries and other premises used in conjunction with a hospital |
tour time | The time scheduled for an worker to be on duty on any day |
folio | An itemized record of a guest’s charges and credits which is maintained in the front office until departure |
improvement districts | Public corporate bodies which operate independently of regional districts or any other administrative jurisdiction |
parent parcel | When a parcel is subdivided into smaller lots, then the original parcel is called the parent parcel |
restrictive covenant | Provision in a deed limiting the use of the property and prohibiting certain uses |
file | In relation to a notice or record required to be filed with an assessor, the board or assessment authority, includes mail or leave with the assessor, board or assessment authority or deposit in the mail receptacle at their office |
professional experts | The Ministry of Environment maintains a roster of professional experts who are authorized under section 49.1 of the Contaminated Sites Regulation to make recommendations to the Director concerning the issuing of Approvals in Principle, Certificates of Compliance, Determinations that a site is/or is not a Contaminated Site, Contaminated Soil Relocation Agreements, and background releases (based on Table 1 of Protocol 4) for low to moderate risk sites. |
outbound operator | A company that takes groups from a given city of country to another city or country. |
market value | Section 19 (1) of the Assessment Act of British Columbia, RSBC 1996, Chapter 20, defines Actual Value as "the market value of the fee simple interest in land and improvements." The Court of Appeal of British Columbia in Standard Life Assurance Co |
grant rolls | Grants in Lieu of Taxes (GILT) for provincial purposes and Payments in Lieu of Taxes (PILT) for federal purposes rolls (also known as "grant rolls") are produced by BC Assessment for use by taxing authorities as well as provincial and federal government ministries and Crown corporations responsible for GILT and PILT. |
lot | Any portion, piece, division, or parcel of land |
electronic signature | An electronic signature is information in an electronic form that a person has created or adopted in order to sign a record and that is in, attached to or associated with the record |
secondary information | Research data that was collected by another company or person and usually for a purpose that’s different than the research objectives and tasks at hand. |
mace | A ceremonial staff carried as a symbol of office |
fit | Has come to mean the independent traveler, one not traveling with a group. |
parish | a smaller division of a county in Ireland that was originally the area served by the local church |
ousia | Essence, such as human or divine |
amhs | Alaska Marine Highway System. |
development cost charges | A fee which local governments may levy against development projects to recover the cost of providing local services. |
storage | Safekeeping of goods in a warehouse or other depository |
affinity groups | Groups sharing common interest, usually passengers who are members of an organization (see also Pre-formed Group). |
forerunner | John the Baptist |
cemetery services | Means the operation of a place of interment or crematorium and the disposition of human remains by interment or cremation and includes the supply of goods incidental to and as a part of interment or cremation, but does not include the sale of rights of interment |
product extension | An add-on product or service, which enhances the experience of your product and generates additional revenue |
interpretative programming | Activities conducted in a recreational environment which seek to connect the participants to the meanings and values of the resource being experienced. |
rent concessions | All rent concessions result from market conditions and the relative negotiating strength of the property owner and the tenant |
group leader | An individual who has been given the responsibility of coordinating tour and travel arrangements for a group |
real property | The interests, benefits and rights inherent in the ownership of real estate |
nun | A woman who belongs to a religious order and lives under vows of poverty, chastity, and obedience |
riparian area | A streamside protection and enhancement area |
municipal specific areas | Municipal Specified Areas are established by Order in Council as a result of a municipal incorporation |
wholesaler | A company that purchases large blocks of rooms, tickets, etc |
product | Something that is distributed commercially for use or consumption and that is usually: |
encumbrance | A claim or liability that is attached to property or some other right and that may lessen its value, such as a lien or mortgage; any property right that is not an ownership interest |
carbon taxes | tax on excessive emission of carbon, to cut down on human-induced climate change |
tour manager | A person who supervises an escorted tour to oversee the group and to make sure that everything runs smoothly |
cut timber value | The value of timber based on species and grade, harvested two years prior to the taxation year. |
tourism certification programs | These included AAA (Automobile Association of America) and have typically measured and compared quantity, service, and price, areas deemed most important to travelers. |
sale - special interest | • Assignment of an Agreement for Sale • Sale from an execution of an estate |
permit | A written licence or warrant [e.g |
novena | A special prayer to be offered on nine consecutive days or a cycle of prayers for nine days; a St |
prsa | Public Relations Society of America http://www.prsa.org/ |
common area | In the context of classifying Bed and Breakfasts, the area within a single family residence which is available to the public (Bed & Breakfast guests) who purchase short-term accommodation |
educational programming | Activities conducted in partnership with formal education institutions and which seek to meet both the institution’s specific education outcomes and the agency’s resource stewardship goals. |
fee simple interest | Absolute ownership unencumbered by any other interest or estate, subject only to the limitations imposed by the governmental powers of taxation, eminent domain, police power, and escheat |
charge | an estate or interest in land less than the fee simple and includes(a) an estate or interest registered as a charge under section 179, and (b) an encumbrance. |
heterogeneous | A descriptor generally applied to single family residential neighbourhoods with a diversity of construction types, features, and age of housing |
trespass | Trespass is an unlawful interference with one's property; at common law, trespass to land is every unauthorized and direct breach of the boundaries of another's land |
hi-rise | A structure 5 stories or higher. |
plant primary division | The division of the MIPs manual which the Manual Overview directs the user to start the costing process |
excess rent | The amount by which contract rent exceeds market rent at the time of the appraisal; created by a lease favourable to the landlord (lessor) and may reflect a locational advantage, unusual management, unknowledgeable parties, or a lease execution in an earlier, stronger rental market. |
interest during construction | The cost of borrowing money to meet project construction expenditures |
farm product | A qualifying agricultural product of a qualifying agricultural use as defined in section 1(1) and the Schedule to the Classification of Land as a Farm Regulation. |
downgrade | To move to a lesser level of accommodations or a lower class of service. |
partnering agreement | An agreement between a local government and another entity for provision of a local government service. |
altruism | doing good for others |
ardor | Alaska Regional Development Organization. |
stigma | Stigma represents a negative influence on property value that is largely related to uncertainty and future risk |
public worship | ...for "worship" to be "public" it must involve the coming together of people in a corporate event to which members of the public are given notice that they are invited to attend and to which members of the public feel invited |
pragmatic | practical |
dwelling | The house or other structure in which a person or persons live; a residence; abode; habitation; the apartment or building, or group of buildings, occupied by a family as a place of residence |
strait | narrow body of water between two large land masses |
property manager | A person (including a company) who, under contract with the property owner, operates and manages real property for the owner. |
travel agent | The individual who sells travel services, issues tickets and provides other travel services to the travel services to the traveler sat the retail level. |
charitable institution | "charitable institution" |
reinventory | When properties in a particular neighbourhood or specific property types are actually visited by an appraiser to determine the accuracy of the physical inventory or other attributes of the property |
capital recapture | The return of equity in an investment as distinguished from the return on equity |
b&b | Bed and Breakfast. |
non-sale | A non-arm's length property transaction that does not reflect the market. |
cooperative agreement | A cooperative agreement is a written legal instrument reflecting a relationship between a Federal agency and a state or local government, tribal government, or other non-federal recipient in which the principle purpose is to transfer money, property, services, or anything of value to the state or local government or other recipient to stimulate or support a public purpose authorized by federal statute |
event | An occurrence that attracts tourists. |
depreciation | Depreciation is the difference between the market value of an improvement and its reproduction or replacement cost at the time of appraisal |
package tour | A saleable travel product offering an inclusive price with several travel elements that would otherwise be purchased separately |
percentage rent | Rental income received in accordance with the terms of a percentage lease; typically derived from retail store and restaurant tenants and based on a percentage of their gross sales |
grappa | kind of brandy made from grapes |
farm gate amount | Farm gate amount is the dollar value received by the farmer from direct farm sales of qualifying agricultural products, or the value of qualifying agricultural products that are used for processing |
rtc | Rural Tourism Center. |
non-profit organization | A non-profit organization is defined as a society constituted under the Society Act, RSBC 1996, c |
mecca | the center for a certain activity or group of people |
capacity | In the context of industrial property classification, the production capability for which the facility was designed |
de minimus improvement | An improvement that is so inconsequential in size or value that, in law and practice, it does not make sense to separately assess it. |
hogshead | a large cask or barrel |
manufactured home park | A Manufactured Home Park is "land used or occupied by a person for the purpose of providing space for the accommodation of one or more manufactured homes and for imposing a charge or rental for the use of the space." (Manufactured Home Tax Act, s |
supplier | The actual producer and seller of a unit of travel merchandise, such as a carrier, hotel or sightseeing operator. |
trailblazing signage | Signs to aid the public in arriving at a particular location. |
joined appeal | On application by a party or at the board's own initiative, the board may consolidate all or part of an appeal with any other appeal: |
alsace | Northeastern region of France, borders on Germany |
market rental rate | The most probable Rent which a leased property should bring for the relevant lease term in a competitive and open market under all conditions requisite t a fair lease transaction, the lessee and lessor each acting prudently and knowledgeably, and assuming the Rent is not affected by undue stimulus between the parties |
voucher | Documents that are exchanged for goods and service to substantiate payment that will be or already has been made. |
carrier | A company that provides transportation services, such as motorcoach companies, airlines, cruise lines, and rental car agencies. |
educational/interpretive signage | Simple sign or label that provides basic information to aid visitor in orientation to or understanding of the location. |
camping fee | A fee levied by campground owners or managers/operators use of the campsites or RV pads and ancillary amenities. |
tariff | a tax on trade goods, usually imports |
matushka | Priest's wife |
carrying capacity | Carrying capacity refers to the number of visitors that can adequately be accommodated with existing infrastructure including lodging, dining, public bathrooms, roads, parking, etc. |
errors and omissions insurance | Insurance coverage equivalent to malpractice insurance, protecting an agent’s or operator’s staff if an act of negligence, an error, or an omission occurs that causes a client great hardship or expense. |
going concern | An operating business enterprise that is expected to continue |
golf course- par 3 | An average Par 3 is between 1,000 and 3,000 yards in length |
visa | Stamp of approval recorded in a traveler’s passport to enter a country for a specific purpose. |
netrate | Wholesale rate to be marked up for eventual resale to the consumer. |
subdivision | The division of land into two or more parcels. |
plemochoe | covered bowl that often held perfume and oil (image). |
attractor | A significant tourist attraction, which compels visitation |
ncstd | National Council of State Travel Directors .. |
mavis beacon | name for a very effective learn-to-type computer software program in the 1980s |
translation | Removal of holy objects (such as relics) from one place to another |
waitlist | A list of clients awaiting transportation or accommodations at times when they are not available |
non-profit | Not established for the purpose of making a profit; not entered into for money (Merriam-Webster Online Dictionary) |
crown | A reference to either the provincial or federal Government |
lexicon | vocabulary; the words you are familiar with |
lectern | a stand for someone to speak or read from |
simple random sample | A sample that draws a group of respondents randomly from all members of the population. |
avsp | Alaska Visitors Statistics Program, a visitor study conducted by the State of Alaska, Division of Community and Business Development. |
variable costs | Costs that change with sales or production levels. |
hotel categories | The following sub-categories are available for identifying distinct hotel-motel Models (e.g |
pluralism | characterized by diverse groups |