What is 'Relative Value' Relative value is a method of determining an asset's value that takes into account the value of similar assets. This is in contrast with absolute value, which looks only at an asset's intrinsic value and does not compare it to other assets.
What is a Tenant Estoppel? What exactly is a tenant estoppel? By definition, an estoppel certificate is a âsigned statement by a party certifying for anotherâs benefit that certain facts are correct, as that a lease exists, that there are no defaults, and that rent is paid to a certain date.
Promissory Estoppel Definition: Related Terms: Estoppel, Equitable Estoppel. A promise made to another party to a contract that the contract will be waived or not enforced, in whole or in part, and which, once acted upon by the promisee, prevents the promisor from taking subsequent proceedings to enforce the contract.