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Abstract of judgment
Abstract of judgment A full summary by the court of a judgment. It becomes a general lien on all of a debtor's property in the county where it is recorded.
RELATED TERMS--------------------------------------
Judgment
A formal decision issued by a court relating to the specific claims and rights of the parties to an act or suit.
Lien
A charge or claim by one party on the property of another as security for the payment of a debt.
Property
The rights of ownership. The right to use, possess, enjoy, and dispose of a thing in every legal way and to exclude everyone else from interfering with these rights.
County
A division within a state, usually encompassing one or more cities or towns.
SIMILAR TERMS--------------------------------------
Abstract
A summary; an abridgment.
Abstract of title
A summary of the public records relating to the title to a particular piece of land.
Abstracter
The person preparing the abstract of title.
PREVIOUS AND NEXT TERMS--------------------------------------
Abr
The Accredited Buyer Representative designation indicates a real estate agent specializing in representing buyers in the real estate transaction.
Absentee landlord
An owner who does not reside in the place in which he owns real estate from which he derives rental income.
Absolute net
Lease that requires the tenant to pay all costs (including rent) associated with the operation, repair and maintenance of the building.
Absorption rate
The rate at which rentable space is filled.
Abstract
A summary; an abridgment.
Abstract of judgment
Abstract of title
A summary of the public records relating to the title to a particular piece of land.
Abstracter
The person preparing the abstract of title.
Accelerated cost recovery system
Commonly referred to as ACRS (pronounced "acres"), a method of depreciating property rapidly for tax purposes. ACRS property is divided into classes and each class has a predetermined time period over which it may be depreciated.
Accelerated depreciation
A bookkeeping method that allows an owner to deduct a greater portion of the cost of depreciated property in the years right after it is bought.
Acceleration clause
Provision in a mortgage document stating that if a payment is missed or any other provision is violated the whole debt becomes immediately due and payable.
This dictionary contains 6433 terms. |
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