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GLOSSARY

 GLOSSARY TERMS by Alpha
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AAII
Abandon
Abatement
ABC Agreement
Abeyance
Absorbed
Absorption Rate
Abstract of Title
Acceleration
Accessories
Accrued interest
Adjustable-rate mortgage (ARM)
Adjustment date
Adjustment interval
Adjustment period
Adverse Credit
Affordability Analysis
Alienation clause
Amenity
Amortisation
Amortization
Amortization schedule
Amortization term
Amortize
Amortized loan
Annual mortgagor statement
Annual percentage rate (APR)
Annuity
Application
Appraisal
Appraiser
Appreciation
ARM
Arrangement Fee
Arrears
Assessment
Assessor
Asset
Assumability
Assumable mortgage
Assumption
Attorney-in-fact

Assessment

A local tax levied against a property for a specific purpose, such as a sewer or street lights.

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