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