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First User |
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First UserA tax term signifying the one who builds or buys property and is the first one to put the buildings to use. Certain tax (depreciation) advantages are given to a first user. The term concerns only depreciable property (improvements) and prior use of the land only (farming) would not be considered.First User Similar MatchesFirst order conditionFirst order conditionOne of the mathematical necessary conditions for maximization, used routinely in solving economic models. Typically, it consists of setting equal to zero the derivative of the function being maximized (or its Lagrangian) with respect to a variable that can be controlled. Perfected first lienPerfected first lienA first attachment on an asset that is duly recorded with the relevant government body so that the lender will be able to act on it should the borrower default. First callFirst callWith collateralized mortgage obligation (CMOs.), the start of the cash flow cycle for the cash flow window. First chargeFirst chargeIf your property is collateral for more than one property and the borrower defaults on payments, the lender with a first charge has the option to repossess the home. First In, First Out (FIFO)First In, First Out (FIFO)An accounting method for valuing the cost of goods sold that uses the cost of the oldest item in inventory first. Further SuggestionsFirst Refusal RightFirst best Right of first refusal First degree homogeneous First time buyer First theorem of welfare economics Last in, first out (LIFO) first mortgage first closing date First call date First preferred stock First Mortgage first death insurance First mortgage First mortgage First mover advantage First pass regression first notice day First market |
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