South Florida

South Florida is a region of the U.S. state of Florida, it comprises the southernmost part of the state. It is one of Florida's three most common "directional" regions, the others being Central Florida and North Florida. It includes the populous Miami metropolitan area, the Florida Keys, and other localities. South Florida is the only part of the continental United States with a tropical climate.

Area

As with all vernacular regions, South Florida has no official boundaries or status, and is defined differently by different sources. A 2007 study of Florida's regions by Ary Lamme and Raymond K. Oldakowski found that Floridians surveyed identified "South Florida" as comprising the southernmost sections of peninsular Florida. This area includes the Miami metropolitan area (generally defined as Miami-Dade, Broward, and Palm Beach counties), the Florida Keys, and the interior region known as the Glades. Additionally, South West Florida, representing the state's southern Gulf Coast, has emerged as a directional vernacular region. Some respondents from as far northwest as the southern Tampa Bay area identified their region as being in South Florida rather than South West or Central Florida.

Bulk sale

A bulk sale, sometimes called a bulk transfer, is when a business sells all or nearly all of its inventory to a single buyer and such a sale is not part of the ordinary course of business. This type of action is often used in an attempt to dodge creditors who intend to seize such the business's inventory; in order to protect the purchaser from claims made by creditors of the seller, the seller must usually complete an affidavit outlining its secured and unsecured creditors, which must usually be filed with a government department, such as a court office. Such procedures are outlined in the bulk sales act of most jurisdictions. If the buyer does not complete the registration process for a bulk sale, creditors of the seller may obtain a declaration that the sale was invalid against the creditors and the creditors may take possession of the goods or obtain judgment for any proceeds the buyer received from a subsequent sale.

History

Bulk sales legislation came into place to prevent the fraudulent practice of selling the entire inventory of a farm or a store in order to defeat the claims of creditors who would otherwise be able to seize the goods to satisfy a debt. Under traditional fraudulent conveyance law, such a sale was not void against creditors unless it was made in bad faith for insufficient consideration. However, a bulk sale would generally allow a storekeeper to abscond with money while leaving creditors unpaid. However, because such a transaction was generally at arm's length, was for appropriate consideration, and may have been made in good faith, it was generally binding on creditors until bulk sales statutes were passed. Bulk sales legislation, such as Article Six of the Uniform Commercial Code was designed to eliminate this type of fraud.

Luxury goods

In economics, a luxury good is a good for which demand increases more than proportionally as income rises, and is a contrast to a "necessity good", for which demand increases proportionally less than income. Luxury goods are often synonymous with superior goods and veblen goods.

Market characteristics

Luxury goods are said to have high income elasticity of demand: as people become wealthier, they will buy more and more of the luxury good. This also means, however, that should there be a decline in income its demand will drop. Income elasticity of demand is not constant with respect to income, and may change sign at different levels of income. That is to say, a luxury good may become a normal good or even an inferior good at different income levels, e.g. a wealthy person stops buying increasing numbers of luxury cars for his automobile collection to start collecting airplanes (at such an income level, the luxury car would become an inferior good).

Some luxury products have been claimed to be examples of Veblen goods, with a positive price elasticity of demand: for example, making a perfume more expensive can increase its perceived value as a luxury good to such an extent that sales can go up, rather than down.

Nightclub

A nightclub (also known as a discothèque, disco, dance club or club) is an entertainment venue which usually operates late into the night. A nightclub is generally distinguished from bars, pubs or taverns by the inclusion of a dance floor and a DJ booth, where a DJ plays recorded music. The busiest nights for a nightclub are Friday and Saturday night.

The music in nightclubs is either live bands or, more commonly, a mix of songs played by a DJ through a powerful PA system. Most clubs or club nights cater to certain music genres.

History

Early history

From about 1900 to 1920, working class Americans would gather at honky tonks or juke joints to dance to music played on a piano or a jukebox. Webster Hall is credited as the first modern nightclub, being built in 1886 and starting off as a "social hall", originally functioning as a home for dance and political activism events. During US Prohibition, nightclubs went underground as illegal speakeasy bars, with Webster Hall staying open, with rumors circulating of Al Capone's involvement and police bribery. With the repeal of Prohibition in February 1933, nightclubs were revived, such as New York's 21 Club, Copacabana, El Morocco, and the Stork Club. These nightclubs featured big bands (there were no DJs).

Real estate

Real estate is "property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water; immovable property of this nature; an interest vested in this (also) an item of real property; (more generally) buildings or housing in general. Also: the business of real estate; the profession of buying, selling, or renting land, buildings or housing."

It is a legal term used in jurisdictions such as the United States, United Kingdom, Canada, India, Australia, and New Zealand.

Residential real estate

Residential real estate is a type of property, containing either a single family or multifamily structure, that is available for occupation for non-business purposes.

Residences can be classified by, if, and how they are connected to neighbouring residences and land. Different types of housing tenure can be used for the same physical type. For example, connected residents might be owned by a single entity and leased out, or owned separately with an agreement covering the relationship between units and common areas and concerns.