Making demand for payment in full for a debt that has not yet matured. ![]() ![]() The offsetting entry is the depreciation expense. A comprehensive, but cumbersome, and somewhat obsolete, method of verifying the ownership and encumbrances of a parcel, or parcels, of real estate.Ī group of methods for achieving periodic reductions in the book value of fixed assets that make larger reductions in the early periods and progressively smaller reductions in later periods. The term "absorption period" is often used to describe the period of time necessary for absorption.Ī written report summarizing the history of title transactions and conditions of title that affect a given piece of land covering the period from the present back to a date in the past. ![]() ABS is always expressed as a monthly rate.Ī term used by real estate lenders and developers to describe the process of renting up newly built or renovated office space or apartments. ABS expresses principal prepayments as a percentage of the original number of loans or contracts in the pool of securitized loans that created the security. (2) The name for a convention used to express the rate of prepayments for an asset-backed security. ![]() A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
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