A comprehensive collection of key terms and definitions you need to know
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MCOB
LED Types
LED Types
Market Value
Estimated amount for which a property would sell in an open and competitive market.
General
Property Valuation
Mixed-Use
Properties that combine residential, commercial, and sometimes industrial uses in a single building or development.
Property Types and Classifications
Property Valuation
Motion Sensor
Component that automatically adjusts lighting based on detected movement in an area.
Electrical and Control Systems
Lighting Supply and Illumination Industry
Mounting Bracket
Structural component used to attach lighting fixtures to surfaces, such as walls or ceilings.
Installation and Maintenance
Lighting Supply and Illumination Industry
Multi Chip On Board (MCOB)
LED style using multi-chip module technology to combine multiple integrated circuits(IC), semiconductor dies and other components into a singular substrate. Combined amalgamation can be used as a large IC, or divided into smaller "chiplets" the MCOBs can enable better transistor distribution. Great for low wattage situations.
Traditional Lamps and Fixtures
Lighting Supply and Illumination Industry
Natural Light
Daylight that enters a building, usually through windows or skylights.
Lighting Design and Applications
Lighting Supply and Illumination Industry
Net Operating Income (NOI)
Income generated by a property after operating expenses are deducted, but before financing costs or taxes.
Income-Producing Property
Property Valuation
Operating Expenses
Costs associated with running and maintaining a property, such as utilities, maintenance, taxes, and insurance.
