Accounting


Definition of "Accounting"

Same as term: generally accepted accounting principles (GAAP):

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

American Insurance Association (aia)

Membership organization of property and liability insurance companies. The association promotes the economic, legislative, and public standing of its ...

Amortization

The repayment of principal from scheduled mortgage payments that exceed the interest due. The scheduled payment is the payment the borrower is obliged ...

Closing Statement

Detailed financial accounting of all the credits and debits for the buyer and seller upon consummation of a real estate sale. ...

Modified Reserve Methods

Accounting procedures that defer the full funding of a life insurance net level premium reserve to accommodate the policy acquisition cost in the earl ...

Component Depreciation

An accounting methodology for separately depreciating individual parts or elements of a building or improvement qualifying as business use or a deprec ...

Ten-year Averaging

Accounting method used to reduce income taxes on distributions from qualified pension or retirement plans. Ten-year averaging was repealed by the tax ...

Popular Real Estate FAQ

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What Must I Disclose When Selling My Home? How To Sell Your Home Rent or Buy - the pros and cons Tax Breaks for the First Time Home Buyer Top Five Reasons Your Home Offer was Rejected

FAQ

What is a cap? What does Fannie Mae mean? What is a seller disclosure? What do I need to know about Auto Insurance? What are paid advertorials?