Dictionary

Adjusted Basis

Definition:  An owner’s original cost of a property plus buying expenses plus capital improvements. Pronunciation: ə-ˈjəst-ed Used in a Sentence:    The adjusted basis of the property calculated out to be...

Adjustable Rate Mortgage (arm)

Definition:  A mortgage that typically has a lower rate than a fixed rate mortgage to start, but can be adjusted periodically by the lender. Pronunciation: \ə-ˈjəs-tə-bəl, mȯr-gij Used in a Sentence:   The...

Adjudication

Definition:  A judicial or court decision. Pronunciation: ə-ˌjü-di-ˈkā-shən Used in a Sentence:  The court withheld adjudication of guilt for the defendant.

Address Of Record

Definition:   The last known mailing address or email address of a person. Pronunciation:   ə-ˈdres, a- also ˈa-ˌdres Used in a Sentence:   Please get the address of record for the buyer....

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...