Focus Earth Glossary

A comprehensive collection of key terms and definitions you need to know

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Lamp Socket
Component that holds a light bulb and connects it to the electrical system.
Installation and Maintenance
Lighting Supply and Illumination Industry
Appraisal
Unbiased professional opinion of a property's value, conducted by a licensed appraiser.
General
Property Valuation
Market Value
Estimated amount for which a property would sell in an open and competitive market.
General
Property Valuation
Fair Market Value (FMV)
Price at which an asset would change hands between a willing buyer and a willing seller.
General
Property Valuation
Assessed Value
Value placed on property by a government authority for taxation purposes.
General
Property Valuation
Appraised Value
Value of a property as determined by an appraiser, typically used for mortgage lending purposes.
General
Property Valuation
Comparable Sales (Comps)
Sales data for similar properties used to assess the value of a property being appraised.
General
Property Valuation
Depreciation
Decrease in property value over time due to wear and tear, age, or obsolescence.
General
Property Valuation
Cost Approach
Estimates value by the cost to replace or reproduce the property, minus depreciation.
Types of Valuation
Property Valuation
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Lighting Supply and Illumination Industry

Luminaire Components

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Lighting Supply and Illumination Industry

Luminaire Components

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Basic Lighting Terms

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Traditional Lamps and Fixtures

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Lighting Design and Applications

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Property Valuation

General

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Types of Valuation

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Income-Producing Property

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Financial and Investment

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Property Types and Classifications

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

Organizations

Organizations

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)

LED Types

LED Types

Fixture
Housing portion of the luminaire, connecting a light to the infrastructure (ceiling, wall, pole, etc.)
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