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10 Cards in this Set

  • Front
  • Back
Abstract of Title
A summary of all recorded documents affecting title to a given parcel of land.
Abstracter (conveyancer)
An expert in title search and abstract preparation.
Acceleration Clause
Allows the lender to demand immediate payment of the entire loan if the borrower defaukts.
Accession
The addition to land by man or nature.
Accretion
The process of land build-up by waterborne rock; sand, and soil.
Acknowledgment
A formal declaration by a person that he or she, in fact, did sign the document.
Actual Eviction
The landlord serves notice on the tenant to comply with the lease contract or vacate.
Atual Notice
Knowledge that one has gained based on what he has actually seen, heard, read, or observed.
Ad Valorem Taxes
Taxes charged according to the value of a property.
Adjustable Rate Mortgage (ARM)
A mortgage loan on which the interest rises and falls with changes in prevailing rates.