Payment Processing & Merchant Services Contactless Payment Tap-to-pay transactions using NFC technology — cards or mobile wallets.
Payment Processing & Merchant Services Convenience Fee A fixed fee for using a non-standard payment method, allowed in many cases.
Payment Processing & Merchant Services Cross-Border Fee An additional fee assessed on international card transactions.
Payment Processing & Merchant Services Currency Conversion Fee A fee added to international transactions to convert currencies.
Payment Processing & Merchant Services Discount Rate (Payments) The percentage a merchant pays per transaction to its processor.
Payment Processing & Merchant Services Dual Pricing Showing both a card price and a cash price at checkout, compliant alternative to surcharging.
Payment Processing & Merchant Services EMV The chip-card standard for secure card-present transactions.
Multifamily Operations Pro Forma Rent Projected market rent used to underwrite a multifamily acquisition.
Multifamily Operations Pro Forma Variance Difference between projected and actual operating metrics in multifamily.
Multifamily Operations Submarket A geographic sub-area within a larger market, often used in multifamily comparables.
Multifamily Operations T-12 Trailing 12 months of property financials — the standard underwriting document.
Multifamily Operations T-3 Annualized Three trailing months annualized — useful when a value-add property’s recent performance differs from T-12.
