Accumulated cost recovery: Total cost recovery deductions taken throughout the holding period of a property.
Active income: Income from salary, wages, tips, commissions, and other activities in which the taxpayer participates.
Adjusted basis: The original cost basis of a property plus capital improvements, less total accumulated cost recovery deductions and partial sales taken during the holding period.
Amortization: The repayment of loan principal through equal payments over a designated period of time.
Annual debt service (ADS): The total amount of principal and interest to be paid each year to satisfy the obligations of a loan contract.
Annuity: Regular fixed payments or receipts over a designated period of time.
Appreciation: An investment's increase in value.
Appreciation: potential The possibility that real estate investment or probability will increase in value during the holding period.
Assessed value: The value of real property established by the tax assessor for the purpose of levying real estate taxes.
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