A loan repaid in periodic (most commonly monthly) payments of principal and interest. See also: Amortize, Interest Extra Note, Interest Included Note.

May denote lineal descent, such as a parent or grand parent, or collaterals, such as an older brother being the ancestor of a younger brother. May also mean one from whom a person inherits. Differs from predecessor in that an ancestor must be a person.

A bolt set (anchored) in concrete or other masonry foundation and then attached to the superstructure to prevent movement (anchor it).

The most reliable, and usually the largest, tenant in a shopping center. The strength of the anchor tenant greatly affects the availability of financing for the shopping center. The term may also be used to describe a tenant in an office building, industrial park, etc.

Subordinate, aiding.

To add or attach. Usually to join a smaller or subordinate thing to a larger or more dominant thing.

Permanently affixing to real property, such as a city adding additional land to increase its size.

By the year.

See: Loan Constant.

Yearly amount of principal and interest payments of debt service. See: Debt Service.

The yearly interest percentage of a loan, as expressed by the actual rate of interest paid. For example: 6% add-on interest would be more than 6% simple interest, even though both would say 6%. The A.P.R. is disclosed as a requirement of federal truth in lending statutes.

(1) A payment of money yearly for life or a given period of years. (2) A fixed amount given or left by will, paid periodically, not necessarily yearly.

Appraisal method for determining present value by future anticipated net income before depreciation, which is then discounted.

Year.

Prefix meaning before.

An agreement made by a man and woman in contemplation of marriage, setting forth the property rights of each during the marriage, and in the event of divorce or death.

Appraisal method using the principle that value is created by anticipated future benefits.

One party to a contract informing the other of his or her intent not to perform before performance is due. A legal action may be brought even though the original contract (not yet due for performance) has not been breached. Example: The buyer informs the seller before the closing date of his or her intent not to buy.

Laws enacted to promote free competition by prohibiting agreements to limit competition. In real property businesses, for example, setting a “standard” commission for all brokers to charge would be a violation.