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Accrued depreciation
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."
RELATED TERMS--------------------------------------
Accounting
The agent must be able to report the status of all funds received from or on behalf of the principal.
Depreciation
Decrease in value to real property improvements due to wear and tear, adverse changes in the neighborhood, or any other reason.
Asset
Items of value owned by an individual. Assets that can be quickly converted into cash are considered "liquid assets."
Appraisal
An expert judgment or estimate of the quality or value of real estate as of a given date.
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.
Value
The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability.
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Accra property
Property in Accra, Ghana. Apartments, flats, houses, offices and other property in Accra.
Accreation
Accreation refers to the addition or the increase of land by the deposit of sand or soil washed up naturally from a river, lake or sea.
Accretion
The increase or addition of land by the deposit of sand or soil washed up naturally from a river, lake or sea.
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.
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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.
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
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.
Acetate
The plastic sheet material often used for making stencils.
Acknowledgment
A formal declaration before an authorized official (usually a notary public) by a person who has executed a document, that he did in fact execute (sign) the document.
This dictionary contains 6433 terms. |
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