A comprehensive collection of key terms and definitions you need to know
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Comparable Sales (Comps)
Sales data for similar properties used to assess the value of a property being appraised.
General
Property Valuation
Control
Mechanism controlling the power to a system of lights.
Luminaire Components
Lighting Supply and Illumination Industry
Correlated Color Temperature (CCT)
Color appearance of light, measured in Kelvin (K), ranging from warm (below 3,000 K) to cool (above 5,000 K).
Basic Lighting Terms
Lighting Supply and Illumination Industry
Cost Approach
Estimates value by the cost to replace or reproduce the property, minus depreciation.
Types of Valuation
Property Valuation
Crime Prevention Through Environmental Design (CPTED)
Advocates that adequate design and proper use of the environment can reduce crime and fear of crime, thereby improving quality of life.
Organizations
Organizations
DIP
Dual In-Line Package (DIP) chips were used in some of the first general illumination LEDs. The chip is encased in hard plastic with 2 straight parallel connecting pins. The epoxy covering focuses the light produced to a beam angle of approximately 60˚ or 45˚. Although DIP chips are still used today, they have a much lower efficiency than the newer LED chips. Delivering approximately 4 lumens per LED, they individually pull between 0.05 and 0.08 watts to generate between 35 and 80 lumens per watt. DIP have suffered from inherent heat management problems
LED Types
LED Types
Deed
Legal document transferring ownership of real property from one party to another.
