generally a small structure for storing coaches / carriages and other vehicles …
Abstraction (Extraction) Method
The abstraction extraction method is a technique used in real estate appraisal to estimate the value of a property's land by analyzing the value of similar properties with structures or improvements. …
Abut
Adjoin or share a common boundary, or share even a small portion of a boundary. …
Accelerated Depreciation
Depreciation is the reduction of the value of a property or chattel as a result of the passing of time (i.e. a new car may be worth $20,000.00, $18,000.00 after one year, $16,000.00 after two years …
Acceleration Clause
A clause in a mortgage or loan. If the borrower fails to live up to her obligations under the mortgage, the lender has the legal right to demand that the full principal of the mortgage may become due …
Acceptance
A positive response to an offer or a counter-offer that creates a binding agreement between the parties. Acceptance may be conditional upon the occurrence of certain events. The seller's written …