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 REAL ESTATE GLOSSARY

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Term Definition
Abstract of judgment,law The summary of a court judgment that creates a lien against a property when filed with the county recorder.

Accelerated cost recovery system A tax calculation that provides greater depreciation in the early years of ownership of real estate or personal property.

Acceleration clause A provision that gives a lender the right to collect the balance of a loan if a borrower misses a payment.

Accelerated depreciation A bookkeeping method that depreciates property faster in the early years of ownership.

Acceptance The seller's written approval of a buyer's offer.

Access Any means by which a person can enter property.

Accessibility The degree to which a building or site allows access to people with disabilities.

Accretion The gradual addition to the shore or bank of a waterway by deposits of sand or silt.

Acknowledgment A written declaration affirming that a person acted voluntarily.

Acre A measurement of land equal to 43,560 square feet.

* Glossary Services are provided by Inman News, Real Estate News Service