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Terms Beginning With 'A'
![Abandoned Property](https://static.wixstatic.com/media/be0bd2_944414e0c39944daa03579bec8b166ee~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_944414e0c39944daa03579bec8b166ee~mv2.png)
Abandoned Property
This term refers to a piece of property that has been abandoned or left unmaintained for a long time and has been transferred to the care of the state.
![Abandonment](https://static.wixstatic.com/media/be0bd2_049b71f7d0984affb89672861ab66963~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_049b71f7d0984affb89672861ab66963~mv2.png)
Abandonment
Abandonment of a property means surrendering or relinquishing one's claim to an asset, subject to the agreement's terms.
![Abatement](https://static.wixstatic.com/media/be0bd2_32f45b54f2204b9ca7ddd6d218001d2a~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_32f45b54f2204b9ca7ddd6d218001d2a~mv2.png)
Abatement
A valuable tool that helps individuals and companies reduce their tax burden by a significant amount.
![Ability to Pay](https://static.wixstatic.com/media/be0bd2_c8cbab17da4f4cdbac550d1f1814464a~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_c8cbab17da4f4cdbac550d1f1814464a~mv2.png)
Ability to Pay
An economic principle that states taxation burdens should be proportionate to the wealth of those paying the taxes.
![Ability to Repay](https://static.wixstatic.com/media/be0bd2_747de7f5edbf4bec954fa4debb529007~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_747de7f5edbf4bec954fa4debb529007~mv2.png)
Ability to Repay
The financial ability of an individual to fulfill their obligation of repaying a debt.
![Abrogation](https://static.wixstatic.com/media/be0bd2_e078e786253d435183349b0a392ee359~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_e078e786253d435183349b0a392ee359~mv2.png)
Abrogation
A term used to describe the elimination or repeal of any agreement, right, legal provision, or law.
![Absolute Title](https://static.wixstatic.com/media/be0bd2_cb678e3ee2f44b15ae1f71472348b407~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_cb678e3ee2f44b15ae1f71472348b407~mv2.png)
Absolute Title
Type of property title that is the most secure way of proving property ownership.
![Abstract of Title](https://static.wixstatic.com/media/be0bd2_a5dc06e3f5d94d2487ab170f064b1a99~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_a5dc06e3f5d94d2487ab170f064b1a99~mv2.png)
Abstract of Title
A document that provides a brief but comprehensive summary of the entire history of a property or asset's ownership.
![Abusive Practice](https://static.wixstatic.com/media/be0bd2_4ccbfd72c0464ebb90980f6bfebc8b17~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_4ccbfd72c0464ebb90980f6bfebc8b17~mv2.png)
Abusive Practice
Any action or behavior that causes material harm to a consumer's ability to understand and make informed decisions about a product or service.
![Acceleration Clause](https://static.wixstatic.com/media/be0bd2_c4abc5c38ca84d36ad773fd922da45f5~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_c4abc5c38ca84d36ad773fd922da45f5~mv2.png)
Acceleration Clause
A contract provision which gives a lender the power to require a borrower to pay off their total loan amount if certain conditions are unmet.
![Acceleration Principal](https://static.wixstatic.com/media/be0bd2_0ba19c33253f4af08bd331958008306b~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_0ba19c33253f4af08bd331958008306b~mv2.png)
Acceleration Principal
An economic theory states that when consumption increases, investment must also increase to create the necessary production capacity to meet the increased demand.
![Acceptance](https://static.wixstatic.com/media/be0bd2_f347d63bdcba4f3aa03d8710b650c501~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_f347d63bdcba4f3aa03d8710b650c501~mv2.png)
Acceptance
In real estate transactions marks the point in which a buyer and a seller have agreed to the purchase of a certain property. This is a crucial milestone for both parties involved, signaling the end of negotiations and a commitment to the deal itself.
![Accession](https://static.wixstatic.com/media/be0bd2_e1a7b1f7fac541338aa90999b534aec1~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_e1a7b1f7fac541338aa90999b534aec1~mv2.png)
Accession
The legal term used to describe the acquisition of title to property that has been altered or improved through the application of labor or materials.
![Account Review Inquiry](https://static.wixstatic.com/media/be0bd2_1aa3ba56792d49b3ab15f39f5ba8e4db~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_1aa3ba56792d49b3ab15f39f5ba8e4db~mv2.png)
Account Review Inquiry
Is used to assess the integrity and performance of an account and to investigate the amount of funds available to the account holder to ensure that the account meets all regulatory and compliance requirements.
![Accountant](https://static.wixstatic.com/media/be0bd2_609a841f25744b4d9a63ab6d99e5feba~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_609a841f25744b4d9a63ab6d99e5feba~mv2.png)
Accountant
Play a crucial role in ensuring that real estate properties and corporate entities are managed efficiently and effectively.
![Accretion](https://static.wixstatic.com/media/be0bd2_bb39c82448b74872a2d4bd37d43acf98~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_bb39c82448b74872a2d4bd37d43acf98~mv2.png)
Accretion
A natural process of adding soil to land, often over an extended period of time, through the action of water; this process of soil accumulation is important for land formation and can result in the growth of islands and land reclamation.
![Accrual](https://static.wixstatic.com/media/be0bd2_386caf2af05a45a280bc97e9f90ae70c~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_386caf2af05a45a280bc97e9f90ae70c~mv2.png)
Accrual
A financial term that refers to the accumulation of interest, income, or expenses over time; means gradually accumulating something, such as interest on a savings account or income from an investment.
![Acknowledgment](https://static.wixstatic.com/media/be0bd2_fe37a9c27b1f4dbeaf241c8f3117079c~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_fe37a9c27b1f4dbeaf241c8f3117079c~mv2.png)
Acknowledgment
A legal term used to confirm that an individual has acted of their own free will, this form of declaration is typically used in documents to ensure that all signatories involved have done so of their own volition and without any external influence or pressure.
![Acquittance](https://static.wixstatic.com/media/be0bd2_e8065b7bb064448185f99ce68d1c004b~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_e8065b7bb064448185f99ce68d1c004b~mv2.png)
Acquittance
Written proof that an individual (a debtor) has been released from a legal obligation to pay a debt in full.
![Act of God](https://static.wixstatic.com/media/be0bd2_096c9ef7bf174bd9acf65d0a411dc105~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_096c9ef7bf174bd9acf65d0a411dc105~mv2.png)
Act of God
Also known as a 'natural disaster,' is an event that is severe, unanticipated, and outside of human control.
![Actual Cash Value (ACV)](https://static.wixstatic.com/media/be0bd2_be9b8ea57dc04ba8bdbec79e08550c64~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_be9b8ea57dc04ba8bdbec79e08550c64~mv2.png)
Actual Cash Value (ACV)
A way of determining how much a property is worth based on what the property could be sold for today, and typically takes into account the depreciation of the item since it was purchased.
![Actual Eviction](https://static.wixstatic.com/media/be0bd2_1e75f6a5243b4f62821526f274826428~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_1e75f6a5243b4f62821526f274826428~mv2.png)
Actual Eviction
The process of physically removing an individual from the land or rental property they are occupying.
![Actual Notice](https://static.wixstatic.com/media/be0bd2_1077e8babf1a429b95fcc85bbe0dc9d9~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_1077e8babf1a429b95fcc85bbe0dc9d9~mv2.png)
Actual Notice
An important legal concept that refers to the delivery of information or a notification in a way that gives legally sufficient assurance that the intended recipient has specific knowledge of the matter at hand.
![Add-On Interest](https://static.wixstatic.com/media/be0bd2_2bc64458781f4d598fe1ccda8d4026c3~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_2bc64458781f4d598fe1ccda8d4026c3~mv2.png)
Add-On Interest
Refers to the interest charged at the beginning of a loan, which is immediately added to the loan principal balance, increasing the loan amount owed and the corresponding interest payments due.
![Addendum](https://static.wixstatic.com/media/be0bd2_111fc5f22ca44597a9ef739ad11b8a89~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_111fc5f22ca44597a9ef739ad11b8a89~mv2.png)
Addendum
An additional document added to a purchase and sale agreement to clarify, modify or supplement any terms in the original contract.
![Adjustable Rate Mortgage (ARM)](https://static.wixstatic.com/media/be0bd2_66f916d288b843eca7858cdd229b2dde~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_66f916d288b843eca7858cdd229b2dde~mv2.png)
Adjustable Rate Mortgage (ARM)
A loan with an interest rate that changes, typically adjusted periodically to reflect the movement of market rates.
![Adjuster](https://static.wixstatic.com/media/be0bd2_18a1f42638c84351b0b8f22e8bc72396~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_18a1f42638c84351b0b8f22e8bc72396~mv2.png)
Adjuster
Is responsible for determining the amount of compensation that should be paid out to policyholders who have experienced losses covered by their insurance policies.
![Adjustment](https://static.wixstatic.com/media/be0bd2_e1f6ee6390ef4002a146e418ebf04446~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_e1f6ee6390ef4002a146e418ebf04446~mv2.png)
Adjustment
When a comparable property's sale price is adjusted to the appraised property by considering factors that can differentiate the two properties.
![Adjustment Date](https://static.wixstatic.com/media/be0bd2_79017f52516d4b1faec46731f51e0848~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_79017f52516d4b1faec46731f51e0848~mv2.png)
Adjustment Date
Is frequently used in the context of adjustable rate mortgages (ARMs), and this date generally refers to the point when the interest rate of ARM changes, which is typically determined by the terms of the loan agreement.
![Advance Directive](https://static.wixstatic.com/media/be0bd2_b6d75aba7b3141c8a773006a6d207da3~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_b6d75aba7b3141c8a773006a6d207da3~mv2.png)
Advance Directive
More commonly known as a living will, is an essential legal document for anyone concerned about ensuring their wishes are honored in serious medical or healthcare circumstances.
![Adverse Action](https://static.wixstatic.com/media/be0bd2_42464a4c1d624ef48c9731fbb0612bde~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_42464a4c1d624ef48c9731fbb0612bde~mv2.png)
Adverse Action
As defined by the Consumer Financial Protection Bureau (CFPB), can include various negative actions against a consumer and can have a wide-ranging and serious impact on an individual's finances, employment, and overall well-being.
![Adverse Possession](https://static.wixstatic.com/media/be0bd2_d6aa9d7bb4fc40b689ebe5b5ef816667~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_d6aa9d7bb4fc40b689ebe5b5ef816667~mv2.png)
Adverse Possession
A legal concept that allows a person to gain ownership of a piece of land owned by someone else through continuous and uninterrupted possession for a specified period.
![Affidavit of Title](https://static.wixstatic.com/media/be0bd2_13a215a4462f4d8d8e5966197f512bc6~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_13a215a4462f4d8d8e5966197f512bc6~mv2.png)
Affidavit of Title
An essential document used in real estate transactions, it's a written statement from the home sellers confirming the "health" of the property's title.
![Affinity Fraud](https://static.wixstatic.com/media/be0bd2_333fa3a0ab4c4934adb26cc03354ae35~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_333fa3a0ab4c4934adb26cc03354ae35~mv2.png)
Affinity Fraud
A type of investment fraud where con artists target members of an identifiable group for their own gain.
![Affordability](https://static.wixstatic.com/media/be0bd2_17706439dc444d6b921be2404d7a4898~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_17706439dc444d6b921be2404d7a4898~mv2.png)
Affordability
Measures a borrower's earning ability to qualify for a mortgage loan on a typical home based on the most recent price, income, and mortgage rate data.
![Agency](https://static.wixstatic.com/media/be0bd2_31bfba549bde4a738224b2044b884f43~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_31bfba549bde4a738224b2044b884f43~mv2.png)
Agency
A legal relationship whereby an individual or business entity, the principal, appoints another person, the agent, to act on their behalf in contractual negotiations or other activities.
![Agent](https://static.wixstatic.com/media/be0bd2_9c02100c308146b88bc452a42005ef02~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_9c02100c308146b88bc452a42005ef02~mv2.png)
Agent
A person legally authorized to act on behalf of another person or entity and are hired by clients who require additional time and expertise to complete specific tasks.
![Agreement of Sale](https://static.wixstatic.com/media/be0bd2_1f239cbf21504a2090a7cec02189c10e~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_1f239cbf21504a2090a7cec02189c10e~mv2.png)
Agreement of Sale
A binding written contract between a seller and purchaser that details all the terms and conditions of purchasing the sold item or property.
![Air Rights](https://static.wixstatic.com/media/be0bd2_0fa4049d1d2f406bbd9f00752bd464b8~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_0fa4049d1d2f406bbd9f00752bd464b8~mv2.png)
Air Rights
A type of real estate that assigns value to the empty space above a plot of real property.
![Alienation Clause](https://static.wixstatic.com/media/be0bd2_36d8f9e15e6141649f33cb28e6ebf921~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_36d8f9e15e6141649f33cb28e6ebf921~mv2.png)
Alienation Clause
Stipulates that the mortgage lender has the right to demand full and immediate repayment if the property securing the loan is sold or transferred to another party without the lender's approval in mortgage contracts.
![Alluvium](https://static.wixstatic.com/media/be0bd2_142203b52b5e4a36be73d6943fe63a4d~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_142203b52b5e4a36be73d6943fe63a4d~mv2.png)
Alluvium
The gradual increase of the Earth on a shore of an ocean or bank of a stream that comes from the action of water.
![Amendment](https://static.wixstatic.com/media/be0bd2_4a11d8a4d8734c11891042fc4c69a2de~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_4a11d8a4d8734c11891042fc4c69a2de~mv2.png)
Amendment
A modification or addition to the terms of a contract, law, government regulatory filing, or any other legal document.
![American Dream](https://static.wixstatic.com/media/be0bd2_bb9bc823a6e74538b0f418c618f717ba~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_bb9bc823a6e74538b0f418c618f717ba~mv2.png)
American Dream
Reflects a core belief of the nation that hard work and dedication will pay off and that each person is capable of achieving their own version of success.
![Americans with Disabilities Act (ADA)](https://static.wixstatic.com/media/be0bd2_39b83a1b66ee4a919de8dd265224b4ab~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_39b83a1b66ee4a919de8dd265224b4ab~mv2.png)
Americans with Disabilities Act (ADA)
A Federal Law passed in 1990 to prevent discrimination against people with disabilities, ensuring all individuals have equal access to employment opportunities, public accommodations, transportation, government activities, and communications.
![Amortization](https://static.wixstatic.com/media/be0bd2_1f415a7685664bb6bd6658057051e7c3~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_1f415a7685664bb6bd6658057051e7c3~mv2.png)
Amortization
A process of spreading out the repayment of a loan over a set period of time with regular payments to gradually pay off a significant debt over a specified period with fixed payments and interest charged on the outstanding balance.
![Amortized Loan](https://static.wixstatic.com/media/be0bd2_76d6e74f043e403a86748f480a526f04~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_76d6e74f043e403a86748f480a526f04~mv2.png)
Amortized Loan
A type of loan with scheduled, periodic payments that cover the loan's principal amount and the interest accrues.
![Amount Financed](https://static.wixstatic.com/media/be0bd2_2895ab756d5842c28c5dd5d4f009fb18~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_2895ab756d5842c28c5dd5d4f009fb18~mv2.png)
Amount Financed
The amount of credit approved between a lender and a borrower under a loan agreement, is determined when the loan agreement is finalized, and is the amount the borrower will be obligated to pay back.
![Annual Percentage Rate (APR)](https://static.wixstatic.com/media/be0bd2_f5d131673aae41c89c660ada69d2021d~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_f5d131673aae41c89c660ada69d2021d~mv2.png)
Annual Percentage Rate (APR)
The yearly interest rate charged to borrowers or paid to investors, expressed as a percentage.
![Application Fee](https://static.wixstatic.com/media/be0bd2_455cd8612786478fb2fc7524df514b27~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_455cd8612786478fb2fc7524df514b27~mv2.png)
Application Fee
Is charged to potential borrowers for processing and underwriting applications for loans such as mortgages and car loans; it covers the cost of researching a borrower's creditworthiness and the expenses associated with verifying the income and assets used for the loan application.
![Appraisal](https://static.wixstatic.com/media/be0bd2_f827a456479e482aab43053f71062a9e~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_f827a456479e482aab43053f71062a9e~mv2.png)
Appraisal
The process of estimating the value of a property through an analysis of various facts about the property; this could include factors such as the size, location, condition, and comparable sales in the area.
![Appraiser](https://static.wixstatic.com/media/be0bd2_dc7829738cae496cb69d845ff2406db3~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_dc7829738cae496cb69d845ff2406db3~mv2.png)
Appraiser
A trained professional hired to determine the worth of real and personal property.
![Appreciation](https://static.wixstatic.com/media/be0bd2_8f526b08d5cf419ca2415fcd8a1635cf~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_8f526b08d5cf419ca2415fcd8a1635cf~mv2.png)
Appreciation
The monetary gain resulting from the increase in the market value of an investment, excluding additions of capital.
![Appurtenance](https://static.wixstatic.com/media/be0bd2_c7bcda61d5f84d6a8cb929dabb08af90~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_c7bcda61d5f84d6a8cb929dabb08af90~mv2.png)
Appurtenance
Term that refers to the attachment of a right or property to a more worthy principal; or simply put, means that something legally belongs to another, larger, more valuable entity.
![Area Median Income (AMI)](https://static.wixstatic.com/media/be0bd2_3b8cbe47b59c45c39288cdbaf3ffa73c~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_3b8cbe47b59c45c39288cdbaf3ffa73c~mv2.png)
Area Median Income (AMI)
A valuable indicator of economic well-being and prosperity in specific metropolitan or nonmetropolitan areas.
![Arrears](https://static.wixstatic.com/media/be0bd2_1febb5459253498797e6762ec9560075~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_1febb5459253498797e6762ec9560075~mv2.png)
Arrears
Refers to overdue payments that still need to be paid; it is a financial and legal term typically referring to a debt that has not been paid by its due date.
![Asbestos](https://static.wixstatic.com/media/be0bd2_22e49c24580f4c62a2962fd13f50a75a~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_22e49c24580f4c62a2962fd13f50a75a~mv2.png)
Asbestos
A naturally occurring mineral fiber that was once widely used in a variety of building materials, including insulation, flooring, and roofing.
![Asbestosis](https://static.wixstatic.com/media/be0bd2_29fd5dc78a6a42d8b9413e13b33b0aa4~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_29fd5dc78a6a42d8b9413e13b33b0aa4~mv2.png)
Asbestosis
A chronic lung disease caused by the inhalation of asbestos fibers; it's an incurable respiratory disorder that occurs when asbestos fibers are inhaled, become embedded in the lung tissue, and cause chronic inflammation and scarring.
![Assessed Value](https://static.wixstatic.com/media/be0bd2_e5c0f8fa2a7545b7a8bbfbbb585e8205~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_e5c0f8fa2a7545b7a8bbfbbb585e8205~mv2.png)
Assessed Value
A crucial factor in determining the overall value and the amount of taxes levied on a property.
![Assignee](https://static.wixstatic.com/media/be0bd2_82e04b1f9b974fe0bd44e79c8346d30a~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_82e04b1f9b974fe0bd44e79c8346d30a~mv2.png)
Assignee
Someone who has been assigned the transfer of property, title, or rights from another party according to a written contract; is responsible for fulfilling the obligations of that written contract and adhering to the terms and conditions that have been stipulated.
![Assignment](https://static.wixstatic.com/media/be0bd2_667ae56670844434a6c307e2ba3e673f~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_667ae56670844434a6c307e2ba3e673f~mv2.png)
Assignment
A transfer by a person of that person's rights under a contract to another; this transfer can take many forms, including transferring possession of property or action, an estate, or a request for such property.
![Assumption Clause](https://static.wixstatic.com/media/be0bd2_175b3fe7416047bb81b5902c1e0b5e67~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_175b3fe7416047bb81b5902c1e0b5e67~mv2.png)
Assumption Clause
A provision in a real estate contract that can be used by the person purchasing a home to take over the responsibility of the existing mortgage; allows the seller to transfer the existing mortgage that is associated with the property to the new buyer, which can be a great benefit for the buyer.
![Assumption of Mortgage](https://static.wixstatic.com/media/be0bd2_22b927aa0ee24ca79e7bf6a15d5798e3~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_22b927aa0ee24ca79e7bf6a15d5798e3~mv2.png)
Assumption of Mortgage
A financial process where a new homeowner agrees to take over the existing mortgage of the property they are purchasing, where the grantor transfers the legal ownership of the property to the grantee.
![Attachment](https://static.wixstatic.com/media/be0bd2_9498d5957ad04ea7b1ca58ba5012ab60~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_9498d5957ad04ea7b1ca58ba5012ab60~mv2.png)
Attachment
A legal term that, in its most basic sense, refers to seizing property as a security against a judgment of a court of law, meaning that a property is taken from a defendant as a means of guaranteeing that the plaintiff with whom they are engaged in a dispute will receive financial compensation for their claim.
![Attestation Clause](https://static.wixstatic.com/media/be0bd2_b9be9fda4e8f4efb9f61d85aaa56964a~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_b9be9fda4e8f4efb9f61d85aaa56964a~mv2.png)
Attestation Clause
A legal term used to describe a document section, such as a deed, mortgage, or another legal instrument that is witnessed and certified as authentic.
![Auction.png](https://static.wixstatic.com/media/be0bd2_4f0cd64659f14761844f785508b6b315~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_4f0cd64659f14761844f785508b6b315~mv2.png)
Auction
Process of buying and selling goods and services through an open competitive bidding process; a type of market where goods and services are sold to the highest bidder, conducted in a public setting, usually at a designated property.
![Automated Clearing (ACH) Transfer](https://static.wixstatic.com/media/be0bd2_3cd35f0872e545758fe63ad3c683c723~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_3cd35f0872e545758fe63ad3c683c723~mv2.png)
Automated Clearing (ACH) Transfer
An electronic funds-transfer system that facilitates payments in the U.S. and allows financial institutions, businesses, and consumers to quickly and securely transfer funds between accounts for payments and settlement.
![Automatic Lender](https://static.wixstatic.com/media/be0bd2_b080afcadaf846edba7d0d04e890a018~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_b080afcadaf846edba7d0d04e890a018~mv2.png)
Automatic Lender
An institution that offers loans and other financial services without requiring the traditional submission of a credit package to the insurer or guarantor for underwriting review.
![Average Price](https://static.wixstatic.com/media/be0bd2_77b2d9c24ea140f8a7654e5d4d9bc290~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_77b2d9c24ea140f8a7654e5d4d9bc290~mv2.png)
Average Price
Also known as the mean price, is a widely-used metric used to measure the performance of an asset or security over a period of time.
![Avulsion](https://static.wixstatic.com/media/be0bd2_c3bc61d590684a63bf0e67291b3fb16f~mv2.png/v1/fit/w_197,h_196,q_69/be0bd2_c3bc61d590684a63bf0e67291b3fb16f~mv2.png)
Avulsion
A sudden and perceptible loss of land caused by the action of water, typically due to a sudden change in the course of a river.
![Award Letter](https://static.wixstatic.com/media/be0bd2_ba66b0cd6bdb45db94cb1704a7987f4c~mv2.png/v1/fit/w_196,h_196,q_69/be0bd2_ba66b0cd6bdb45db94cb1704a7987f4c~mv2.png)
Award Letter
An important document that helps students understand their financial aid packages from their colleges or universities; it outlines how much financial assistance a student can receive, the type of aid, and any conditions that must be accepted to receive the funds.
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