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Weekly Mortgage Rates
30 Year Fixed
5.00 %
15 Year Fixed
4.36 %
1 Year ARM
4.07 %
Freddie Mac Natl. Avg.
Updated 5/6/2010
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Term
Definition
Abstract of judgment
The summary of a court judgment that creates a lien against a property when filed with the county recorder.
Accelerated cost recovery system
A tax calculation that provides greater depreciation in the early years of ownership of real estate or personal property.
Accelerated depreciation
A bookkeeping method that depreciates property faster in the early years of ownership.
Acceleration clause
A provision that gives the lender the right to collect the balance of a loan if a borrower misses a payment.
Acceptance
The seller's written approval of a buyer's offer.
Access
Any means by which a person can enter property.
Accessibility
The degree in which a building or site allows access to handicapped people.
Accretion
The gradual addition to the shore or bank of a waterway through deposits of sand or silt.
Acknowledgment
A written declaration affirming that a person acted voluntarily.
Acre
A measurement of land equal to 43,560 square feet.
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