HomeTermsCompareFinance First UserThe definition for First User:A tax term signifying the one who builds or buys property and is the first one to put the buildings to use. Certain tax (depreciation) advantages are given to a first user. The term concerns only depreciable property (improvements) and prior use of the land only (farming) would not be considered. Similar MatchesFirst MortgageFirst MortgageA mortgage on property that is superior in position to any other mortgage. First Refusal RightFirst Refusal RightA right, usually given by an owner to a lessee, which gives the lessee a first chance to buy the property if the owner decides to sell. The owner must have a legitimate offer which the lessee can match or refuse. It the lessee refuses, the property can then be sold to the offeror. Click to compare definitions of First User Click to view definitions beginning fi |