GLOSSARY OF TERMS

GLOSSARY OF TERMS - H

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HARD MONEY LOAN:	A loan made in cash by a non-institutional lender.
HEDGING:	Protecting against negative outcomes.
HIGHEST AND BEST USE:	Most profitable single use to which a property may be put; most likely to be in demand in the future.

This Glossary of Commercial Real Estate Terms is provided for general understanding purposes. Readers should consult with their legal and/or accounting professionals for specific situations and questions. TM 1031 Exchange Inc. and its employees provide neither legal nor accounting services or advice.