Real Estate Glossary

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Abatement of Judgment

A document containing a condensation of the essential provisions of a court judgment.

Abatement of Nuisance

The act of ending or terminating a nuisance; a type of legal action brought to end a nuisance.

Abstract of Judgment

A 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 Title

A summary of the instruments affecting title to a parcel of real property as shown by the public records.


To make a note all due and payable at one time.

Acceleration Clause

A 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.


An 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 Right

The right of an owner to go into and out of his or her property.

Accommodation Party

A person who without receiving value signs a promissory note to help another person borrow money or get credit.

Accord And Satisfaction

The 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.

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