Dictionary

Ad Valorem

Definition:    Taxable value of real property, according to the value Pronunciation:   ad-və-ˈlȯr-əm Used in a Sentence:   The ad valorem tax for the real property was  determined to be $2375.

Actual Notice

Definition:  Information that is learned by reading, seeing or hearing. Pronunciation:  ak-ch(ə-w)əl Used in a Sentence:   The seller gave actual notice when he advised the buyer there is a construction lien on...

Acre

Definition:   A measure of land equal to  43,560 square feet, 7/11 (4+3=7, 5+6+0= 11) Pronunciation: ˈā-kər Used in a Sentence:   The property was measured at one acre.

Acknowledgment

Definition:  A formal declaration before a notary that the signing of a document is a free act Pronunciation:  ik-ˈnä-lij-mənt, ak Used in a Sentence:   The notary witnessed the acknowledgement of the...

Accretion

Definition:  The gradual buildup of land caused by water-borne rock, sand and soil. Pronunciation:  ə-ˈkrē-shən Used in a Sentence:    Accretion had caused the property to grow in size.

Acceleration Clause

Definition:  A condition in a mortgage that the entire unpaid balance becomes due and payable if the borrower defaults on the promissory note. Pronunciation:    ik-ˌse-lə-ˈrā-shən Used in a Sentence:   ...