substitution

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substitution

In appraisal,the principle that the value of property may be determined by examining the sales prices of similar properties sold in the past.The theory is that a buyer would be indifferent to the substitution and either property would be acceptable.

References in periodicals archive ?
Restitution can be effected only substitutionally through the payment of money, with the result that the defendant must give up something to which he prima facie is entitled (i.
The major cause of nonstoichiometry is the incorporation of impurities, usually substitutionally for Ca, but also interstitially.