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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Whether subversive, reverent, or some combination of the two, Xu's gesture could best be understood substitutionally, as the rewriting of human activity with the path of a burning cigarette, thereby replacing the anthropo-centric activity in the painting with motion embedded in a specific material--a discrete object that embodies the destructive transformation peculiar to a plant whose ultimate fate is to disappear into thin air.
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.e., resources that were not directly acquired from the plaintiff).
The major cause of nonstoichiometry is the incorporation of impurities, usually substitutionally for Ca, but also interstitially.