Category: A

AAA RATING RETOTD Episode 00203

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AAA RATING The highest credit rating given to businesses by credit reporting agencies such as Dun & Bradstreet; useful when determining a commercial rental prospect’s financial status. Also used as a basis for credit underwriting.

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ACCELERATION CLAUSE RETOTD Episode 00107

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ACCELERATION CLAUSE A provision in a mortgage that gives the lender the right to demand immediate payment of the outstanding loan balance under certain circumstances. Usually when the borrower defaults on the loan or transfers title to another individual without…

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ABSORPTION RATE RETOTD Episode 00106

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ABSORPTION RATE COMMERCIAL The amount of inventory or units of a specific commercial property type that become occupied during a specified time period (usually a year) in a given market, typically reported as the absorption rate. The rate at which…

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ABANDOMENT RETOTD Episode 00082

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ABANDOMENT A relinquishment or surrender of property or rights. In real estate management, abandonment of leased premises refers to the relinquishing of the premises by the tenant before the lease expires without consent of the owner/landlord. The term is also…

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ADDENDUM RETOTD Episode 00066

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ADDENDUM A supplement to any document that contains additional information pertinent to the subject. Appraisers use an addendum to further explain items for which there was inadequate space on the standard appraisal form. In real estate an addendum becomes a…

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