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3 Cards in this Set

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  • Back

Accretion

An increase in land caused by natural phenomena, for example a deposit of sand on a beachfront property due to a tropical storm .

Actual notice

Knowledge given or received directly through demonstrable evidence. Actual notice of ownership: reading a bill of sale, inspecting a deed, searching title records. Also see constructive notice.

Adjustable rate mortgage

A mortgage loan having an interest rate that can be periodically raised or lowered in accordance with the movement of a financial index.