Dictionary

Definition: The hearing and determination of a case in controversy by a third party. Pronunciation:  är-bə-ˈtrā-shən Used in a Sentence:   The dispute between the two brokers was settled by arbitra...

Definition:  An increase in value. Pronunciation: \ə-ˌprē-shē-ˈā-shən Used in a Sentence:  The change in the market caused an appreciation in the value of the property.

Definition: The estimated worth of a property established by someone qualified in valuation. Pronunciation:  \ə-ˈprāz-ed Used in a Sentence:  The appraised value of the property came in higher than...

Definition: Someone who formally applies for something. Pronunciation: \ˈa-pli-kənt Used in a Sentence:   We interviewed the applicant for the job.

Definition: A request to a recognized authority for a decision or judgement. Pronunciation: \ə-ˈpēl Used in a Sentence:   My lawyer said the court’s decision wasn’t correct and that we should file ...

Definition: Federal and state laws designed to maintain and preserve business competition. Pronunciation: Used in a Sentence:   Antitrust laws prohibited the two companies from merging.

Definition: The total yearly cost of credit. Pronunciation: an-yə(-wə)l, -yü-ə  pər-ˈsen-tij Used in a Sentence:  The annual percentage rate for a 30yr mortgage is 4%.

Definition: The amount of money required each year for the payment of all mortgage principal and interest. Pronunciation: an-yə(-wə)l, -yü-ə  det Used in a Sentence:   The annual debt service is us...

Definition: Recurring each year; the date an insurance policy must be renewed to remain in effect. Pronunciation: a-nə-ˈvərs-rē Used in a Sentence:  The anniversary date of our insurance policy is ...