GLOSSARY 583

GLOSSARY 583

the appraiser in setting forth his or her value conclusion. interest accruing on the principal balance, so that the unpaid interest must be added to the principal due. NEGOTIABLE — Capable of being negotiated, assignable or transferable in the ordinary course of business. NET INCOME — The money remaining after expenses are deducted from income; the profit. NET LEASE — A lease requiring a lessee to pay charges against the property such as taxes, insurance and maintenance costs in addition to rental payments. NET LISTING — A listing which provides that the agent may retain as compensation for agent’s services all sums received over and above a net price to the owner.