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Amenities

Definitions

A desirable or useful feature of a building or place, amenities look to provide comfort and convenience for tenants occupying the property; Amenities encompass additions that are i ...

American Institute of Certified Public Accountants (AICPA)

Definitions

A national trade association that represents certified public accountants in business and industry, public practice, government, and education.

Amortizing/Amortization

Definitions

The liquidation of a financial debt through regular periodic installment payments; for tax purposes, the periodic deduction of capitalized expenses.

Anchor Tenant

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The tenant that serves as the predominant draw to a commercial property, usually the largest tenant in a shopping center or retail development.

A-Note (Senior Debt/Loan)

Definitions

The highest tranche of an asset backed security (ABS) or other structured financial product; during bankruptcy, default, or other credit proceedings, an A note is senior to other n ...

Anti-Dilution Clause/Covenant/Provision

Definitions

An adjustment mechanism for preferred stock, options, or convertible securities that provides the holder the right to receive additional securities in the event of a future financi ...

Appraisal

Definitions

An estimate of a property’s fair market value by an authorized person with applicable knowledge and expertise.

Appraisal Institute

Definitions

An international real estate trade organization representing professional real estate appraisers.  

Arbitrage

Definitions

Buying securities in one market and then selling them immediately in another market to make a profit on the price discrepancy.

Arbitration

Definitions

A form of alternative dispute resolution process conducted out-of-court whereby the dispute between parties to a contact is decided by an impartial third party arbitrator.

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