| obsolescence |
The loss of value or usefulness resulting from advances in technology and the passage of time.
Ãâó: www.realestateagent-listings.com/terminology/termi...
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| obsolescence |
Impairment of desirability and usefulness brought about by changes in public preference or by forces in addition to those which cause deterioration. Functional obsolescence refers to impairment of functional capacity or efficiency. Economic obsolescence refers to impairment of desirability or utility arising from economic forces such as changes in highest and best land use, legislative enactments which restrict or impair property rights, and changes in supply demand relationships.
Ãâó: www.federated.ca/gloss/o.htm
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| obsolescence |
the decline of products in a market due to the introduction of better competitor products or rapid technology developments.
Ãâó: www.powerhomebiz.com/Glossary/glossary-N.htm
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| obsolescence |
Lessening of value due to being out of date (obsolete) as a result of changes in design and use; and element of depreciation.
Ãâó: www.officefinder.com/gloss2.html
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| obsolescence |
Loss in value due to reduced desirability and usefulness of a structure because it has become old fashioned and not in keeping with modern needs or because of adverse social or economic influences.
Ãâó: www.all-foreclosure.com/define/define4.htm
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