Glossary

Glossary

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"As Applied" Claim

Final
Term used to describe argument that a law has been unconstitutionally applied. Source : Miller, Julia H. A Layperson’s Guide to Historic Preservation Law: A Survey of Federal, State, and Local Laws Governing Historic Resources Protection . Washington, DC: National ...
Created By: Hidden Member 05-03-2016
Last Updated By: Hidden Member 05-03-2016

"Taking" of Property

Final
Act of confiscating private property for governmental use through "eminent domain" or by regulatory action. Source: Miller, Julia H. A Layperson’s Guide to Historic Preservation Law: A Survey of Federal, State, and Local Laws Governing Historic Resources Protection ...
Created By: Hidden Member 05-04-2016
Last Updated By: Hidden Member 05-04-2016

Abandoned Shipwreck Act

Final
Federal law vesting title to abandoned shipwrecks found in state territorial waters, thereby enabling the preservation of historic shipwrecks. Source : Miller, Julia H. A Layperson’s Guide to Historic Preservation Law: A Survey of Federal, State, and Local Laws ...
Created By: Hidden Member 05-03-2016
Last Updated By: Hidden Member 05-03-2016

Absorption rate

Final
​The estimated amount of time required for a property to reach its pro­jected (or complete) occupancy or sell out. Source: Rypkema, Donovan D. Feasibility Assessment Manual for Reusing Historic Buildings . December 29, 2015. #RealEstate
Created By: Hidden Member 04-29-2016
Last Updated By: Hidden Member 04-29-2016

Acceleration clause

Final
A clause, usually in a mortgage, in which the entire balance of a debt becomes due and payable because of a certain event. Common examples of events that might trigger an acceleration clause are failing to pay an installment when due or selling a property subject to ...
Created By: Hidden Member 04-29-2016
Last Updated By: Hidden Member 04-29-2016

Accrued depreciation

Final
In appraising, the total loss in value caused by physical deteri­oration and functional and economic obso­lescence. In income tax calculations, the total amount of depreciation taken since the acquisition of the property. Source: Rypkema, Donovan D. Feasibility ...
Created By: Hidden Member 04-29-2016
Last Updated By: Hidden Member 04-29-2016

Act

Final
Legislation that has passed both houses of Congress and has been signed by the president or passed over his veto, thus becoming law. Source : Montgomery, Susan West. A Blueprint for Lobbying . Washington, DC: National Trust for Historic Preservation, 2002. #NHPA ...
Created By: Hidden Member 04-28-2016
Last Updated By: Hidden Member 05-03-2016

Ad valorem

Final
Literally, according to value. Real property taxes are ad valorem, the assess¬ment being related to the value of the property. Source : Rypkema, Donovan D. Feasibility Assessment Manual for Reusing Historic Buildings . December 29, 2015. #RealEstate
Created By: Hidden Member 04-29-2016
Last Updated By: Hidden Member 04-29-2016

Adjournment Sine Die

Final
Adjournment without a definite day fixed for reconvening, literally “adjournment without day.” Usually used to connote the final adjournment of a session of Congress. A session can continue until noon January 3rd of the following year, when a new session usually begins. ...
Created By: Hidden Member 04-28-2016
Last Updated By: Hidden Member 05-03-2016

Advisory Council on Historic Preservation (ACHP)

Final
Independent federal agency responsible for implementing the Section 106 review process. Source : Miller, Julia H. A Layperson’s Guide to Historic Preservation Law: A Survey of Federal, State, and Local Laws Governing Historic Resources Protection . Washington, ...
Created By: Hidden Member 05-03-2016
Last Updated By: Hidden Member 05-03-2016