Agreement
A document or arrangement that defines responsibilities, authority, timing and payment terms.
Authorization
Permission to take a defined action or spend within a defined limit.
Capital expenditure
A larger cost associated with acquiring, improving or replacing a long-lived asset; tax treatment varies.
Cash flow
Cash received minus cash paid over a period, using clearly stated inclusions.
Due diligence
The process of checking documents, assumptions, condition, obligations and risks before a decision.
Estimate
A proposed or expected cost based on stated scope and assumptions; it may differ from a final invoice.
Record
A dated document, message, receipt, photograph or entry that helps explain what occurred.
Reserve
Money set aside for expected or uncertain future costs.
Scope
The work, subject or responsibility included—and what is excluded.
Vacancy
A period when a rental unit does not produce scheduled rent.