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Accelerated depreciation
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.
RELATED TERMS--------------------------------------
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.
SIMILAR TERMS--------------------------------------
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.
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.
Accent lighting
A type of lighting that highlights an area or object to emphasize that aspect of a room's character.
Acceptance
Refers to a legal term denoting acceptance of an offer. A buyer offers to buy and the seller accepts the offer.
Access
Any means by which a person can enter property.
Access rights
The right of come and go from a property which abuts upon an existing street or highway.
Accessibility
The degree to which a building or site allows access to people with disabilities.
Accession
Acquiring title to additions or improvements to real property as a result of the annexation of fixtures or the accretion of alluvial deposits along the banks of streams.
PREVIOUS AND NEXT TERMS--------------------------------------
Abstract
A summary; an abridgment.
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.
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
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.
Accent lighting
A type of lighting that highlights an area or object to emphasize that aspect of a room's character.
Acceptance
Refers to a legal term denoting acceptance of an offer. A buyer offers to buy and the seller accepts the offer.
Access
Any means by which a person can enter property.
Access rights
The right of come and go from a property which abuts upon an existing street or highway.
This dictionary contains 6433 terms. |
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