I

A description of several real estate terms starting with the letter 'I' is presented. The real estate terms that have been described include impact fees, imputed interest, and income statement. Impact fees is an expense charged to private developers by the city as a condition to grant permission for a specific project. Income statement refers to a historical financial report indicating the sources and amounts of revenues, amounts of expenses and profits or losses. Imputed interest refers to an interest implied by law. Several other real estate related terms including independent contractor, indenture, and inflation have also been explained.