Category: A

AFFORDABILITY ANALYSIS RETOTD Episode 00316

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AFFORDABILITY ANALYSIS A calculation used to determine an individual’s likelihood of being able to meet the obligations of a mortgage for a particular property. Takes into account the down payment, closing costs and on-going mortgage payments.

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ADVISER RETOTD Episode 00315

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ADVISER A broker, consultant or investment banker who represents an investor in a transaction. Advisers may be paid a retainer and/or a performance fee upon the close of a financing or sales transaction.

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ACCRUED DEPRECIATION RETOTD Episode 00253

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ACCRUED DEPRECIATION In accounting, for tax purposes, the amount of depreciation expense claimed to date for a depreciable asset; accumulated depreciation. In appraisal, the difference between an improvement’s replacement cost new and the present value of the improvement; sometimes referred…

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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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