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Definitions (85)
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acknowledgment
A declaration before a notary public or other officer by a party executing a legal document that the execution is his free and voluntary act and deed.
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Affidavit
A voluntary statement in writing, sworn to before a notary public or other officer.
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Agent
One who acts or who has power to act for another. A licensed real estate broker authorized to act under a listing or management agreement executed by a property owner (the Principal); this [..]
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Air-handling light fixtur
A light fixture into which air is introduced by means of an air diffuser for quiet, draft-free air distribution.
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AMORTIZATION
The process of paying off a debt together with interest, usually with equal payments at regular intervals over a period of time.
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Amortized mortgage
A mortgage loan in which the principal, as well as the interest, is payable in monthly or periodic installments during the term of the loan.
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Annual loan constant
The principal and interest of a loan expressed as the constant annual payment required to retire a debt at a certain rate of interest over a certain period of time.
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APPRAISAL
An estimate of quantity, quality or value. The process through which conclusions of property value are obtained; also refers to the report setting forth the estimate and conclusion of valu [..]
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Approaches to value
Used by an appraiser to estimate the value of real estate. The three approaches are: cost approach, income approach and market data approach.
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architect
A person who normally functions as a creator, coordinator, author of the drawings and specifications and the general administrator of construction.
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