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Access rights
Access rights The right of come and go from a property which abuts upon an existing street or highway.
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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.
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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.
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.
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--------------------------------------
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.
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
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.
Accident, sickness and unemployment insurance (ASU)
Pays a percentage of your monthly mortgage payments if you are made unemployed or are unable to work due to an accident or sickness. The policyholder chooses the deferral period, determining how quickly the policy will payout in the event of any of the three incidences listed above. Also known as Payment Protection Insurance.
Accord and satisfaction
The settlement of an obligation. An accord is an agreement by a creditor to accept less than bargained for from a debtor. The creditor's acceptance of the accord constitutes satisfaction of the debt.
Accounting
The agent must be able to report the status of all funds received from or on behalf of the principal.
This dictionary contains 6433 terms. |
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