Addendum

Definition

  • An addendum is a supplemental document that contains additional pertinent information specific to an existing document. For example, appraisers add an addendum to further explain items for which there was inadequate space on the standard appraisal form. Mortgage lenders may include an addendum advising borrowers of additional characteristics for a mortgage loan they are applying for.
  • A change, revision, addition or update made to a contract.

Synonyms
attachment, rider, addition, supplement

Related Terms and Acronyms

  • Change Order Definition,
    • A document defining an alteration of construction plans.
  • Contract Definition,
    • An agreement between two or more parties that can be enforced by law.
  • Indefeasible Definition,
    • That which cannot be forfeited or done away with. Indemnity Protection or exemption from loss or damage.
  • Insurance Policy Definition,
    • A legal contract between an insurer and entity that specifies what the insurer is required to cover and any benefits the insured entity is entitled to.
  • Modification Definition,
    • A change in terms of the loan agreement.
  • Policy Declarations Definition,
    • The section of the insurance policy that declares the specifics of the insurance policy including premiums, named perils, and policy limits, amongst others.
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