Match the items under list 1 (Terms used in Valuation) with those under list 2 (Definition of the Terms).
Term used in Valuation
Definition of the Term
P.
Annuity due
1.
Value of a structure becomes less due to out of date in style, design, etc.
Q.
Rateable value
2.
Payment of annuity begins at a future date, after a number of years.
R.
Obsolescence
3.
Net annual letting value of a property obtained by deducting yearly repair charges from gross income.
S.
Deferred annuity
4.
Amount of annuity paid at the beginning of each period of year, payment continued for a definite number of periods.
|
|
Term used in Valuation |
|
Definition of the Term |
|
P. |
Annuity due |
1. |
Value of a structure becomes less due to out of date in style, design, etc. |
|
Q. |
Rateable value |
2. |
Payment of annuity begins at a future date, after a number of years. |
|
R. |
Obsolescence |
3. |
Net annual letting value of a property obtained by deducting yearly repair charges from gross income. |
|
S. |
Deferred annuity |
4. |
Amount of annuity paid at the beginning of each period of year, payment continued for a definite number of periods. |
1
P - 4, Q - 3, R - 1, S - 2
2
P - 2, Q - 3, R - 1, S - 4
3
P - 1, Q - 3, R - 2, S - 4
4
P - 4, Q - 3, R - 2, S - 1