GLOSSARY OF REAL ESTATE TERMS - Realty Institute

GLOSSARY OF real ESTATE TERMS A Abstract of Title - A summary of al1 of the recorded instruments and proceedings which affect the title to property, arranged in the order in which they were recorded. Accretion - The addition of land through processes of nature, as by water or wind. Accrued Interest - Accrue; to grow; to be added to. Accrued interest is interest that has been earned but not due and payable. Acknowledgment - A formal declaration before a duly authorized officer by a person who has executed an instrument that such execution is the person s act and deed. Acquisition - An act or process by which a person procures property. Acre - A measure of land equaling 43,560 square feet. Action for Specific Performance - A court action to compel a defaulting principal to comply with the provisions of a contract. Adjacent - Lying near to but not necessarily in actual contact with.

GLOSSARY OF REAL ESTATE TERMS A Abstract of Title - A summary of al1 of the recorded instruments and proceedings which affect the title to property, arranged in the order in which they were recorded. Accretion - The addition of land through processes of nature, as by water or wind. Accrued Interest - Accrue; to grow; to be added to. Accrued interest is interest

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