Dictionary of Business Terms: master plan
master plan
General: overall strategy.
Real estate: document that describes, in narrative and with maps, an overall development concept of a city or planned-use development.
Tax: IRS-approved model form of qualified retirement plan in which the funding medium's identity is specified.
Dictionary of Real Estate Terms: master plan
master plan
a document that describes, in narrative and with maps, an overall development concept. The master plan is used to coordinate the preparation of more detailed plans or may be a collection of detailed plans. The plan may be prepared by a local government to guide private and public development or by a developer on a specific project.
Example: The master plan for further development of the resort condominium is displayed in the sales office.
