Transcription of GLOSSARY of REAL ESTATE TERMINOLOGY and UNIFORM …
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MacIntosh real ESTATE School real ESTATE Dictionary/ GLOSSARY GLOSSARY of real ESTATE TERMINOLOGY . and UNIFORM TOPIC INDEX. (Note: The COLORADO TOPIC INDEX follows after this UNIFORM Topic Index.). The GLOSSARY has been designed as a quick reference to help students understand the language of the real ESTATE profession. A complete vocabulary review before your state examination also will serve to bring together the many different facets of real ESTATE that you have been studying. Although you will need to understand these terms for both the UNIFORM and Colorado exams, the Colorado portion of the license exam will not test on the definitions and their applications. Therefore, you should focus more on these definitions in the preparation for the UNIFORM exam.
accelerated depreciation Any method of depreciation for tax purposes that gives greater initial depreciation than the straight-line method. acceleration clause A provision in a note making all payments due upon the happening of a certain event (such as missing a payment or selling the
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