{"id":369347,"date":"2016-04-04T10:47:23","date_gmt":"2016-04-04T15:47:23","guid":{"rendered":"https:\/\/ability-fl-prod.internetbrands.com\/ability-law\/realestate\/neighbors\/dictionary-shared-boundaries.html"},"modified":"2023-12-12T15:02:17","modified_gmt":"2023-12-12T20:02:17","slug":"dictionary-shared-boundaries","status":"publish","type":"page","link":"https:\/\/www.findlaw.com\/realestate\/neighbors\/dictionary-shared-boundaries.html","title":{"rendered":"Glossary: Shared Boundaries"},"content":{"rendered":"\n
\n \n
\n

Glossary: Shared Boundaries<\/h1>\n
\n
\n By Eric Harvey, J.D.<\/a> | Legally reviewed by Aisha Success, Esq.<\/a>\n | Last updated\n
\n \n <\/i>\n Legally Reviewed\n <\/summary>\n\n
\n

This article has been written and reviewed for legal accuracy, clarity, and style by FindLaw\u2019s team of legal writers and attorneys<\/a> and in accordance with our editorial standards<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n\n

\n \n <\/i>\n Fact-Checked\n <\/summary>\n\n
\n

The last updated date refers to the last time this article was reviewed by FindLaw or one of our contributing authors<\/a>. We make every effort to keep our articles updated. For information regarding a specific legal issue affecting you, please contact an attorney in your area<\/a>.<\/em><\/p>\n\n <\/div>\n <\/details>\n<\/section>\n

When negotiating boundaries or settling a boundary dispute with a neighbor, it helps to understand the terminology that applies to shared boundaries. For example, "consideration," in this context, refers to money or other compensation given in exchange for permission to enter or use another’s property.<\/p>\r\n

Acre<\/b>: You can learn more about land uses and breakdowns of land sizes, including those around acreage at FindLaw’s Land Use and Zoning Basics<\/a><\/p>\r\n

Acceleration clause<\/b>: A clause (usually in a loan or mortgage agreement) that accelerates the payment date in full under circumstances specified in the agreement. These circumstances are usually used as a default by the debtor)<\/p>\r\n

Adjustable rate mortgage<\/b>: A mortgage loan doesn’t need a fixed interest rate. During the lifespan of the loan, the interest rate will change based on the index rate. The index rate and the change collectively are referred to as adjustable mortgage loans (AMLs) or variable-rate mortgages (VRMs)<\/p>\r\n

Adverse possession<\/b>: You can learn more about adverse possession by reviewing FindLaw’s breakdown<\/a><\/p>\r\n

Air space right<\/b>: The granted right to use the air space above real estate<\/p>\r\n

Amortization<\/b>: The gradual payment of a debt done through a schedule of payments; can also be through the writing off of an intangible asset, where the writing off is against expenses over the period of its useful life<\/p>\r\n

Annual percentage rate<\/b>: An APR:<\/p>\r\n