Building Permit

Building Permit
A building permit is permission granted by a local government to build a specific structure at a particular site. The number of residential building permits often forecasts the number of housing starts.
Permit
A permit is a document issued by a government regulatory authority that grants the bearer permission to undertake a specific action. Permits are often required for activities that could have legal, environmental, safety, or public health implications.

Accounting Terms Lexicon

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