An inexact term used to described any property which is situated near or abutting a certain piece of property. Note, an abutting property will always be adjacent but an adjacent property may not be …
Acquisition Cost
The cost to the purchaser of obtaining title to anything, including real property. Acquisition cost includes the cost of the transaction of obtaining title, including legal fees and expenses, interest …
Adjustable Rate Mortgage (ARM)
Also known as a Variable Rate Mortgage, a loan secured against land which has an interest rate that changes according to some outside index -- such as the federal prime rate or the interest rate paid …
Acre
An imperial measure for land. Equals 43,560 square feet; 4,047 square meters; or 0.047 hectares. A measurement of land equal to 43,560 square feet. The (English) acre is a unit of area equal to …
Adjusted Cost Base
For the purposes of determining capital gains or losses. The acquisition cost of a property or chattel, plus the cost of any improvements to the property. …
Act Of God
When used in insurance policies, an event caused by natural forces such as rain, lightning, floods or earthquakes which results in damage to property or chattels. …