Abatement of JudgmentA document containing a condensation of the essential provisions of a court judgment. |
Abatement of NuisanceThe act of ending or terminating a nuisance; a type of legal action brought to end a nuisance. |
Abstract of JudgmentA summary of money judgment. The summary is usually prepared so that it may be recorded thereby creating a (judgment) lien on real estate owned by the judgment debtor. |
Abstract of TitleA summary of the instruments affecting title to a parcel of real property as shown by the public records. |
AccelerateTo make a note all due and payable at one time. |
Acceleration ClauseA clause in a deed of trust or mortgage giving the lender the right to call all sums owing him or her to be immediately due and payable upon the occurrence of a certain event. It is also a clause that permits a debtor to pay off a loan before the due date. |
AcceptanceAn essential element of every contract it is the consent to be bound by the offer. In deeds it is the consent to accept a grant of real property. |
Access RightThe right of an owner to go into and out of his or her property. |
Accommodation PartyA person who without receiving value signs a promissory note to help another person borrow money or get credit. |
Accord And SatisfactionThe discharge of an existing contract by accepting the performance under a substitute contract. Generally consideration under the new contract is different from and of lesser value than under the original contract and satisfaction is the performance of that contract; the combination discharges the original contract. |