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Creative Appraisal Definitions Humor

Band of Investments – A group of financial officers who hold jam sessions in the back room of the NYSE.
Capitalization Rate – The number which is arrived at by dividing the number the client wants by the net operating income.
Eminent Domain – From the Latin. Eminent, meaning big, or prominent. Domain, meaning where one lives. Hence, a big house.
Fair Market Value – The value of items sold at a country fair.
Highest and Best Use – Whatever the person who is paying for the appraisal wants to do with the property.
Internal Rate of Return – An often used but seldom understood term of questionable meaning and doubtful significance. Also, the inverse of External Rate of Return.
Marginal Utility – Many appraisals.
Market Value – Formerly, one sentence which covered the bases pretty well. Now, a page of explanation, some of which appears to be contradictory and imprecise.
Depth Tables – Charts used by SCUBA divers and fishermen.
Purpose of the Appraisal – To make a living in the appraisal business.
Functional Obsolescence – That state of many older appraisers.
The Subject – A term police use to identify the victim of a crime.
Subject Property – A term police use to identify the belongings of a victim of a crime.
Jury – Twelve people who determine which client has the better lawyer.
Trapezoid – A device for catching zoids.

This list was provided by Larry Schnepf, Mesa, AZ who been collecting them for 10 years from others and had made some up himself.

More humor for appraisers

Appraisal business articles