Terms Starting with A

  • Active (actv, act.)Abbreviation,
      An abbreviation used in multiple listing services signifying that a property is available for purchase.
    • Active Income Definition,
      • Active income refers to wages, tips, and profits from your business or employment that you partake in. It also includes portfolio income such as interest and dividends, but you cannot usually offset active income with passive losses.
    • Active Labour Market Policy (ALMP)Acronym,
      • Active Participant Definition,
        • Actively enrolled in an employer's retirement plan.
      • Active Server Pages (ASP)Acronym,
        • Activities of Daily Living (ADL) Acronym, Important,
          • Physical activities an average individual is capable of doing on a normal day.
        • Activities of Daily Living Skills (ADLS)Acronym,
          • Activities of Daily Living/Instrumental Activities of Daily Living (ADL/IADL)Acronym,
            • Activity Based Pricing (ABP)Acronym,
              • Activity-Based Costing (ABC)Acronym,
                • Actual Age Definition,
                  • The years since a structure was built. Differs from effective age.
                • Actual Cash Value (ACV) Acronym,
                  • The replacement cost of an insured asset with depreciation accounted for.
                  • The amount of money that a broker or dealer has invested in the purchase and repair of a used vehicle.
                • Actual Days on Market (ADOM)Acronym,
                  • Actual Total Loss (ATL)Acronym,
                    • Actuarial Table Definition,
                      • A table used in actuarial science that outlines the statistical probability that an individual of a specific age and sex will die within a year.
                    • Actuary Definition,
                      • An individual who assesses the mechanisms, mathematics and complexities of risk and uncertainty.
                    • Add-on Interest Definition,
                      • Interest that is computed at the beginning of the loan, then added to the principal, so that all must be repaid, even if the loan is paid off early.
                    • Addendum Definition,
                      • A change made to a contract.
                    • Additional (addl)Abbreviation,
                        As in additional land or property available.
                      • Additional Insured Renewable Term Rider (AIRTR)Acronym,
                        • Additional Liability Insurance (ALI)Acronym, Important,
                          • Additional Policy Benefit (APB)Acronym,
                            • Additional Premium (A.P., AP)Acronym, Important,
                                Surcharge or complement to an insurance premium.
                              • Additional Principal Payment Definition,
                                • Extra money included with a loan payment to pay off the amount owed faster. Over time, this practice reduces the amount of interest paid.
                              • Additional Property Definition,
                                • A property that is owned by the person that is not being financed.
                              • Adequacy of Coverage Definition,
                                • An assessment of how well an entity's property and assets are insured against potential losses.
                              • Adjacent (adj)Abbreviation,
                                • Adjala Credit UnionCompany, Ontario, Canada,
                                    A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                  • Adjoining (adj)Abbreviation,
                                    • Adjustable Mortgage Rate (AMR) Acronym,
                                      • A type of mortgage loan program in which the interest rate and payments may be adjusted as frequently as every month. The principal loan balance or term of the loan may also be adjusted to reflect the rate change. The purpose of the program is to allow mortgage interest rates to fluctuate with market conditions.
                                      See Adjustable Rate Mortgage (ARM).
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