Glossary Of Property Term - P

Payback Period
The time required for complete recovery of an investment; often used with the concept that all income is considered a return of capital until the entire investment is recaptured and that income received after complete payback is considered profit

Plot Ratio
The ratio of the gross floor space of a proposed or existing building to the site area. Technically note as 1 : 2 or  1 : 3 or  1 : 4 

example, plot ratio ( 1 : 2 ) 
= site area @ 1 acre @ 43,650 square feet : Gross Floor Area of 43,650 sq ft x 2 @ 87,300 sq ft.

Present Value 
The value of a future payment or a series of future payments discounted to the current date or to "time zero".