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Acknowledgment
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.
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Execute
The act of making a document legally valid, such as formalizing a contract by signing or acknowledging and delivering a deed.
SIMILAR TERMS--------------------------------------
Acknowledgement
Acknowledgement refers to the formal declaration that is made before a duly authorized officer (usually a public notary) by a person who has signed a document.
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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.
Acetate
The plastic sheet material often used for making stencils.
Acknowledgment
Acquisition cost
The amount of money or other valuable consideration expended to obtain title to a property.
Acquisition indebtedness
A loan you get to build your house, a loan to buy your house or any loan you take out to substantially improve your home. Interest paid on such a loan is generally tax-deductible.
Acre
A measure of land equal to 43.560 square feet, 4,840 square yards, 4,047 square meters, 160 square rods or 0.4047 hectares.
Acre foot
The water or other material needed to cover an acre of land one foot deep. Equivalent to 325,851 gallons.
Acrylic paint
A water-soluble paint with a plastic polymer (acrylic) binder.
This dictionary contains 6433 terms. |
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