592 CHAPTER Twenty-Seven

592 CHAPTER Twenty-Seven

cost of acquiring an equally desirable and valuable substitute property, assuming no costly delay is encountered in making the substitution. SUM OF THE YEARS DIGITS — An accelerated depreciation method. SUPPLY AND DEMAND, PRINCIPLE OF — In appraising, a valuation principle starting that market value SURETY — One who guarantees the performance of another — Guarantor. SURPLUS PRODUCTIVITY, PRINCIPLE OF — The net income that remains after the proper costs of value thereof. SURVEY — The process by which a parcel of land is measured and its area is ascertained. SYNDICATE — A partnership organized for participation in a real estate venture. Partners may be limited or unlimited in their liability.