EDC
External Development Charges
Charges associated with external infrastructure and development costs where applicable.
Detailed Explanation
External Development Charges, commonly abbreviated as EDC, generally refer to charges associated with external infrastructure and development outside the immediate property or project, where such charges are applicable.
In Plain Terms
EDC is basically a charge connected to infrastructure outside the project itself, although exactly what applies depends on the project, authority and location.
Applicability and calculation of EDC can vary according to location, project and prevailing regulations.
Related Terms
This definition is provided for general informational purposes only and is not legal, financial or tax advice. Property rules and authority policies can change — verify current requirements with the relevant authority or a qualified professional.