Definition contributory value
Contributory value is the value of property saved as a result of a General Average Act which forms the basis for determining each party's contribution in General Average.Then we looked at the quantity and quality of data, as well as the reliability of those data. This latter step convinced us using the cost approach to model the pools contributory value was the wrong step since, as indicted, cost is not value. definition contributory value
Definition of contributory in the Definitions. net dictionary. Meaning of contributory. What does contributory mean? Information and translations of contributory in the most comprehensive dictionary definitions resource on the web. The numerical value of contributory in Chaldean Numerology is: 8. Pythagorean Numerology.
Definition contributory value free
Definition: Contributory Value. As the name suggests, it refers to the value of a component with respect to the total value. It finds application in real estate to explain the contributory value of a feature in a property to the total value of the property.
Define contributory. contributory synonyms, contributory pronunciation, contributory translation, English dictionary definition of contributory. adj. 1. Of, relating to, or involving contribution. 2. Helping to bring about a result. 3. Subject to an impost or levy. n. pl. contributories One that
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Contributory value is the worth or value that a single component or part provides in relation to the total value of the whole.
A more simplistic definition can be found in real estate investment literature, where contributory value refers to the contribution of a particular feature or component to the value of the overall whole.
Amount of value added to the overall value of a property resulting from remodeling or renovating one area of the property. The contributory value is the actual amount of value gained by the addition or renovation.
While often considered in typically real property valuation settings, it is also properly applied in many other appraisal assignments where real estate contributory value and earning power is an important element of overall value, whether of equity, total invested capital or a financial interest.
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