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Property

Pre-stressed concrete

In the field of finance, we often come across the term "pre-stressed concrete". This type of reinforced concrete utilizes high-tensile steel bars or wires, which are either pre-tensioned or post-tensioned. By strategically positioning these wires or tendons, the concrete is able to eliminate tension, preventing cracks and making it both water-tight and gas-tight. This method also enhances the durability of the structure, allowing for greater spans and higher loading capacity. In simpler terms, pre-stressed concrete is a game-changer in the world of construction and engineering.

Refurbishment

When it comes to the enhancement and advancement of a structure, it is important to note the distinction between rebuilding or redevelopment and making improvements. In most...

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Penal rent

Rent default is a grave matter that can result in severe financial consequences for tenants. In such cases, the landlord may impose a penalty known as "liquidated damages," w...

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Indian Stamp Act, 1899

In the realm of finance, there exists a legal statute that mandates the payment of stamp duty for all real estate transactions to the local government. The amount of stamp d...

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HVAC

When discussing the infrastructure of a building, one term that often arises is HVAC, which stands for heating, ventilation, and air conditioning. This system is responsible...

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