Tag: property
Abandonment Clause
What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost...
Absolute Auction
What is 'Absolute Auction' A type of auction where the sale is awarded to the highest bidder. Absolute auctions do not have...
Abatement
What is 'Abatement' Abatement is a reduction in the level of taxation faced by an individual or company. Examples of an abatement...
Abandonment And Salvage
Abandonment and salvage are two ways to deal with property. Abandonment is the process of giving up a property, while salvage is the process...
Abandoned Property
What is 'Abandoned Property' Assets such as cash, stocks, bonds, mutual funds, uncashed checks, land, life insurance policies and the contents of...
Abstract Of Title
DefinitionA property abstract is a collection of legal documents that chronicle transactions associated with a particular parcel of land. Generally included are references to...
Accelerated Cost Recovery System (ACRS)
What is 'Accelerated Cost Recovery System - ACRS' A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS...
Abeyance
DefinitionAbeyance is a state of expectancy in respect of property, titles or office, when the right to them is not vested in any one...
Real Estate Mortgage Investment Conduit (REMIC)
Home Ownership by Country Real Estate Mortgage Investment Conduit (REMIC) What is 'Real Estate Mortgage Investment Conduit - REMIC' A special purpose...
Real Estate Agent
DefinitionA real estate broker or real estate salesperson is a person who acts as an intermediary between sellers & buyers of real estate/real property....