Real Estate Glossary

 Learn the definitions of the real estate terms.

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Abstract of judgment, law
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 a 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 to which a building or site allows access to people with disabilities.