What term describes the amount of money given or expected in the exchange for property?

The term that describes the amount of money given or expected in the exchange for property is "price." In real estate and property transactions, price reflects the specific monetary amount that a buyer is willing to pay, or a seller is willing to accept, for a property at a given time. Price can be influenced by various factors, such as market conditions, property features, and negotiations between parties involved.

Understanding that "price" is not synonymous with the broader concepts of cost, value, or investment is important. Cost typically refers to the total expenditure incurred to acquire the property, including fees and expenses. Value is a more abstract concept that represents the worth of the property based on factors such as utility, desirability, and potential for appreciation. Investment generally pertains to the commitment of resources for future returns and encompasses a broader context than just the exchange amount. Thus, "price" accurately captures the specific amount expected during a property transaction.