A loan that finances the three major phases of a land development project: (i) acquisition, (ii) development and (iii) construction. …
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Accrued Depreciation
From a tax standpoint, the amount of value of a property or chattel which has already accumulated (but has not been claimed) as a result of the decrease in the value of that property due to the …
Addendum
An addition to a document that forms part of it. Similar to a Schedule to an Agreement of Purchase and Sale. May be used to add specific and detailed information material to the contract or upon which …
Accrued Interest
Interest which has already been earned but has not yet been paid. …
Additional Principal Payment
A one-time or lump-sum payment made by a borrower in addition to the regular payments on a loan or mortgage which reduces the principal owing on the debt. Extra money included in the monthly payment …
Acknowledgement
A statement by a person to the effect that they are aware of a certain fact. May also be a sworn document to the same effect, which further states that the person signing the document did so …