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. …
Adjusted Sales Price
The result of estimating the value of a property by comparison to comparable properties. Take the actual sale price of a property comparable to the subject property, then add the value of any extras …
Action To Quiet Title
A legal proceeding begun for the purpose of settling competing claims to property and establishing clear legal title in one party. …
Adjustment Date
Mortgage term usually preceded by the word "Interest" (i.e. "Interest Adjustment Date"). The date soon after the completion of a purchase and mortgage transaction on which the borrower must make a …
Actual Age
As opposed to effective age. The objective age in years of a building measured simply by the passage of time since it was constructed. Effective age is a subjective measurement of the condition of a …