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High-rise elevator apartments
| Глоссарий по инвестициям |
Buildings that are four stories or more in height.
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Historical interest cover ratio (historical icr), английский
Interest cover covenant included as a financial covenant and that covenant is to be tested on a historical basis. the definition sets out how historical interest cover is calculated and certain adjustments that are commonly made in calculating both finance costs and passing rental received by the borrowers. if the company fails to calculate this, the agent may do so.
Highest and best use, английский
- The use of an asset by market participants that would maximize the value of the asset or group of assets within which the asset would be used. highest and best use is determined based on the use of the asset by market participants, even if the intended use of the asset by the reporting entity is different.
- The particular use of a real property which will produce the greatest financial return. the optimum use of a site as used in appraisal. this is often determined by location, neighboring properties, deed restrictions and local zoning regulations. a home built on a busy street, surrounded by commercial property, and not restricted from other development, is not fulfilling its highest and best use. once the property is redeveloped into commercial property, it can meet it economic potential.
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