Terms Beginning with A
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Abandonment
The voluntary and permanent withdrawal of use or enjoyment,...
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Abstract of title
A simplified version of the history of a title to a specific...
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Abutting
Land that joins, reaches, or touches adjacent land. Adjacent...
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Accelerated depreciation
A method for calculating the depreciation of...
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Acceleration clause
A clause in a written mortgage, note, bond, or conditional...
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Accession
The acquisition of title to improvements or additions to...
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Accretion
An expansion or addition to land caused by the natural...
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Accrued depreciation
The difference between the cost of replacement new (as of...
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Acknowledgment
A declaration made to a notary public or other public...
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Actual eviction
A lessor-initiated legal procedure in which a delinquent...
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Actual notice
Informative or factual expression; that which is known; true...
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Ad Valorem tax
A tax levied on the basis of value; commonly used to refer...
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Administrator
The county court-appointed person charged with settling the...
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Adverse Possession
Actual, evident, hostile, infamous, exclusive, and...
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Affidavit
A written declaration signed and sworn to in the presence of...
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Agent
One who represents or has the authority to act on behalf of...
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Agreement of sale
A written agreement in which the buyer agrees to purchase...
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Air lot
A specific airspace over a piece of land. Like surface...
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Air rights
The right to use the open area above one's property. It can...
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Alienation clause
Clause in a mortgage instrument that does not allow the...
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Alienation
The act of transferring property from one person to another....
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Alluvion
The real soil growth caused by accretion.
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Amendments
Amendments are changes to previously approved and ratified...
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Amenities
Neighborhood amenities and services that increase the value...
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Americans with Disabilities Act (ADA)
A federal statute that went into force in 1992 to prohibit...
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Amortization
The repayment of a financial obligation through installment...
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Amortized loan
A loan in which the principal and interest are paid monthly,...
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Anticipation
The expectation of specific future occurrences causing...
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Antitrust laws
Laws that are intended to protect the free entrepreneurship...
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Appraisal
An estimate of the amount, quality, or worth of something....
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Appraised value
An estimated value of a specific property current worth in...
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Appreciation
A rise in the worth or value of a property as a result of...
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Appurtenant
Belonging to; incident to; annexed to.
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Arbitrage
The simultaneous purchase and sale of a security in order to...
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Arbitration
A method of resolving a dispute between two parties through...
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Assessment
Imposition of a tax, fee, or levy, generally at...
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Assignment
The transfer of rights or interests in a bond, mortgage,...
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Assumed name statute
Assumed name statute is the law, which is in place in the...
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Assumption of mortgage
The conveyance of property title to a grantee in exchange...
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Attorney-in-fact
The holder of a power of attorney.
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Attorney’s opinion of title
An instrument drafted and signed by the attorney who...
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Avulsion
A pulling away of land caused by natural forces.