ANNUAL PERCENTAGE RATE >> The Annual Percentage Rate ("APR") is a measure of the cost of credit, expressed as a yearly rate. The APR takes into account the amount financed, the finance charge, and the amounts and timing of the payments. Under the Truth in Lending Law, the APR must be disclosed and labeled.

ANNUITY >> Fixed payments an individual receives for a lifetime or specified number of years at consistent intervals. For example, a customer may receive an annuity from a pension plan or from an investment.

APPRAISAL >> Opinion as to the monetary value of the property. For example, an appraisal of property provides an idea of how much money the property is worth in the housing market at a given time.

APPRECIATION >> An increase in value. Example: An increased value of property due to either a positive improvement of the area or the elimination of negative factors.

APR >> Acronym for Annual Percentage Rate.

AS IS CONDITION >> Premises accepted by a buyer or tenant in the condition existing at the time of the sale or lease, including all physical defects.

ASSESSED VALUE >> Value placed upon property for property-tax purposes by the tax assessor.