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land |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.06 sec. |
Land Real estate or property. It is the primary (and indeed one of the only) assets whose values do not depreciate over time. Depending on the particular title, ownership of land may include mineral rights to any geophysical aspects occurring thereon. Ownership of land does not automatically include the right to develop it, depending on local regulations. While supply of land does not vary, demand may change greatly depending on its particular features, number of people in the area, and cultural differences regarding land ownership. It is an attractive form of collateral because it cannot be stolen or destroyed. See also: Plot, zoning law. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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