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| ADJUSTED PRICE
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Price plus accrued interest. |
| ADJUSTED SALES PRICE
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(1) Net sales price of a piece of property with the commissions and closing costs deducted from the actual sales price. (2) For appraisal purposes: the price of a comparable piece of property with the differences between it and the property in question, accounted for. (3) For income tax purposes: the sales price of a property reduced by the costs of improvements necessary to bring it to the condition of the comparable property. |
| ADJUSTED TAX BASIS
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The original cost of the property plus additional capital expenditures made to it, minus the accumulated depreciation. The realized tax purpose gain or loss is the difference between the sales price and the adjusted basis. Example: property purchased for $300,000 with $100,000 of capital improvement made to it. With an accumulated depreciation of $75,000, the adjusted cost basis for tax purposes would be $325,000 ($300,000 + $100,000 - $75,000). If sold for $400,000, the taxable gain would be $75,000. |
| ADJUSTER
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The insurance company employee who settles the value of any damage done to insured property so that the insured owner may be compensated. |
| ADJUSTING LINK
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An adjustable strap or bar forming a connection between the lift rod of a faucet and the ball lever assembly of the drain. |
| ADJUSTMENT DATE
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The day when the interest rate changes on an adjustable rate mortgage (ARM). |
| ADJUSTMENT PERIOD
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The time between rate adjustments in an adjustable rate mortgage. |
| ADJUSTMENTS IN APPRAISAL
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Change in the value of one particular property based on the value of a comparable property. Adjustment in the appraisal of a comparable property will then affect the value of the original property. |
| ADMIXTURE
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A material other than water, aggregates, or hydraulic cement, used as an ingredient of grout or mortar and which is added immediately before or during its mixing. |
| ADOBE
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Unburnt brick dried in the sun, commonly used for building in the American Southwest, Spain and Latin America. Usually covered with stucco in homes. |
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