Accounting

Definition of "Accounting"

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

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Related Real Estate Glossary terms

Protected Risk

Property to be insured, or that is insured, which is located within the specific geographical region ...

Portfolio Rate Fixed Account

Account in which the same interest rate is credited on all premiums regardless of the time period an ...

Broad Form Property Damage Endorsement

Attachment to a general liability policy thereby eliminating the exclusion of property under the car ...

Intercompany Arbitration

Settlement of a dispute that arises when two or more insurers cover a single loss, and there is a qu ...

Xcu

Same as term Explosion, Collapse, and Underground Exclusion: inherent danger resulting from certain ...

Appraisal

A written estimate of a property's current market value prepared by an appraiser. ...

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What Is A Qualifying Ratio?

A qualifying ratio is the percentages a lender compares to see whether you qualify for a loan. ...

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Title insurance is insurance that protects the lender and buyer against any losses incurred from dis ...

What Is A Spec House?

The textbook definition of a spec house is \"one built on a speculative basis, without an order on t ...

What Is Cooperative?

Cooperative is a form of home ownership in which you own shares in a corporation. In return for the ...

What Is A Lock In?

A lock in guarantees a certain interest rate for a certain period of time. ...

What Is A CD?

A CD, or Certificate of Deposit, is an investment usually made for a given period of time at a fixed ...

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