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Weekly Mortgage Rates
  30 Year Fixed 5.00 %
  15 Year Fixed 4.36 %
  1 Year ARM 4.07 %
Freddie Mac Natl. Avg.
Updated 5/6/2010

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Results for  the letter A - Records (1 - 15) of 80

TermDefinition
 
Abstract of judgment  The summary of a court judgment that creates a lien against a property when filed with the county recorder.

Accelerated cost recovery system  A tax calculation that provides greater depreciation in the early years of ownership of real estate or personal property.

Accelerated depreciation  A bookkeeping method that depreciates property faster in the early years of ownership.

Acceleration clause  A provision that gives the lender the right to collect the balance of a loan if a borrower misses a payment.

Acceptance  The seller's written approval of a buyer's offer.

Access  Any means by which a person can enter property.

Accessibility  The degree in which a building or site allows access to handicapped people.

Accretion  The gradual addition to the shore or bank of a waterway through deposits of sand or silt.

Acknowledgment  A written declaration affirming that a person acted voluntarily.

Acre  A measurement of land equal to 43,560 square feet.

Acre foot  The volume of material needed to cover an acre of land one foot deep.

Active solar system  A system that utilizes electric pumps or fans to transfer solar energy for storage or direct use.

Actual age  The number of years a structure has been standing.

Addendum  An addition or change to a contract.

Additional principal payment  Extra money included in the monthly payment to help reduce the principal and shorten the term of the loan.
 
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