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Accounting
Accounting The agent must be able to report the status of all funds received from or on behalf of the principal.
RELATED TERMS--------------------------------------
Agent
Person authorized to act on behalf of another in dealings with third parties.
Principal
1) The outstanding balance of a loan. 2) A party to a real estate transaction. 3) The head of a real estate firm.
SIMILAR TERMS--------------------------------------
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.
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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.
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
Accretion
The increase or addition of land by the deposit of sand or soil washed up naturally from a river, lake or sea.
Accrued depreciation
1) In accounting, a bookkeeping account that shows the total amount of depreciation taken on an asset since it was acquired. 2) For appraisal purposes, the difference between the cost to reproduce the property (as of the appraisal date) and the property's current value as judged by its "competitive condition."
Accrued items
In a closing statement, items of expense that are incurred but not yet payable, such as interest on a mortgage loan or taxes on real property.
Accrued weeks
term relating to time-shares, used for weeks that have accumulated from the prior year and are available for use in the current calendar year.
Accusation
The first step in a disciplinary action against a licensee.
This dictionary contains 6433 terms. |
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