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. …
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 …