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Find a Business or PersonReal Estate Terms - A
ACCESSIONadditions to property as a result of annexing fixtures or alluvial deposits |
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ACCESSORY APARTMENTa separate living unit created within a single-family home and occupied by either a family member or a non-family tenant. Generally, such units are outlawed by local zoning and housing coots, although some cities conduct special programs lo encourage such units for specific purposes. |
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ACCOMMODATING PARTYthe intermediary in a section 1031 exchange, used especially in a relayed (tax-free) exchange, who holds money or property for a short time to facilitate the exchange. |
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ACCRUAL METHODa method of accounting that requires income or expense to be entered when the amount is earned or the obligation is payable. Distinguished from cash method in which amounts are posted when paid or received. |
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ACCRUE(1) accumulate or increase. (2) enter in financial records an amount that has not been paid or received. |
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ACCRUED DEPRECIATIONThe amount of depreciation accumulated over a period of time in the accounting process. |
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ACCRUED EXPENSEcosts that have been incurred hut not paid during an accounting period |
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ACCRUED INTERESTinterest that has been earned but not paid |
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