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

	Accrued Interest Interest which has accumulated unpaid since last payment date.
	Amortization The gradual retirement of a debt by means of partial payments of the principal at regular intervals.
	Amortization period A time of arrangement for paying off a mortgage by equal instalments or periodic constant payments. Repayments of principal and interest in "blended" amounts. Fully amortized means complete repayment without a "balloon" payment at the end of the term. Can be as short as 5 years or as long as 40 years.
	Amortization schedule The amortization schedule shows monthly instalments of principal and interest and how much of the payment is allocated to each. It also shows the unpaid principal balance.
	Appraised Value A dollar amount assigned to taxable property, by the assessor, for the purpose of equalizing the burden of taxation.
	Assets What the borrower owns. Liquid assets are those that can be quickly converted to cash.
	Assignment of Mortgage The assigning of a mortgagee's interest in the mortgage to a new mortgagee. The legal sale of the mortgage with or without an agreement to repurchase.
	Assumption of Mortgage The purchaser of property assumes the liability for an existing mortgage against a property and becomes liable for timely payment of the mortgage. This action might occur with or without approval of the existing mortgagee depending on the terms of the existing mortgage.