DEFINITION of 'Commercial Real Estate'. Property that is used solely for business purposes. Examples of commercial real estate include malls, office parks, restaurants, gas stations, convenience stores and office towers. Commercial real estate is one of the three primary types of real estate.
Initialism [edit]. NEC. 1  Not Elsewhere Classified, a phrase used in classification codes such as Standard Industrial Classification, International Standard Classification of Occupations, DSM-IV-TR, DSM-5, ICD-9, and ICD-10.2  National Exhibition Centre.3  National Executive Committee (of a political party). 4  Nippon Electric Company, Ltd. 5  National Electrical Code: its ...nitialism [edit]. NEC. 1  Not Elsewhere Classified, a phrase used in classification codes such as Standard Industrial Classification, International Standard Classification of Occupations, DSM-IV-TR, DSM-5, ICD-9, and ICD-10.
Noun. 1. NEC-an acute inflammatory disease occurring in the intestines of premature infants; necrosis of intestinal tissue may follow. necrotizing enterocolitis.inflammatory disease-a disease characterized by inflammation. 1  Facebook.oun. 1. NEC-an acute inflammatory disease occurring in the intestines of premature infants; necrosis of intestinal tissue may follow. necrotizing enterocolitis.