Meaning of "Subcontract"
This refers to illegal business practices in real estate transactions, such as inflating the contract price above the actual transaction price in order to secure more favorable loan limits or financing terms.
"These days, with enforcement getting stricter, there are more and more cases of subcontracting being uncovered."
Related slang words
Actual transaction priceThis refers to the transaction prices reported to the Ministry of Land, Infrastructure and Transport after actual real estate sales have taken place, and is used as a benchmark for assessing market conditions and price trends.Undervalued ContractIllegal practices involving the preparation or reporting of contracts at amounts lower than the actual transaction price in order to reduce taxes such as capital gains taxRight of occupancyThis is the right granted to members of a housing association in redevelopment or reconstruction projects to move into a new apartment.Ask priceThis refers to the price a buyer or seller offers in the market, which may differ from the actual transaction price.topknotThis refers to a situation where one has purchased assets such as stocks or real estate at their peak prices, making it highly likely that a loss will be incurred.Pre-sale rightsThis refers to the right to move into an apartment after it is completed, following a successful application for the apartment.Day tradingThis is an investment strategy in which investors buy stocks, real estate, or other assets and immediately resell them to profit from short-term price fluctuations.Fill the GapThis refers to the phenomenon in which prices in prime locations rise first, followed later by prices in nearby areas that have risen relatively less, thereby narrowing the price gap between regions.