Real Estate Terminology Questions and Answers
A summary of digest of the conveyance, transfer and any othe facts elide on as evidence of title, together with any other elements of record which may impair the title ABSTRACT OF TITLE A clause in a trust deed or mortgage giving the lender the right to call all sums owing him to be immediately due andpayable upon the happening of a certain event ACCELERATION CLAUSE The right of the owner to everything produced, incorporated or attached thereto naturally or physically to his property ACCESSION Process by which soil is deposited to the lands adjoining rivers ACCRETION A formal declaration before duly authorized officer by a person who has executed on instrument that such execution is his act and deed ACKNOWLEDGMENT Refers to the purpose for which property is principally or predominantly utilized by the person in possession of the property ACTUAL USE
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