Sale Price.

Sale Price.

ACCELERATED COST RECOVERY SYSTEM — The system for figuring depreciation (cost recovery) for ACCELERATED DEPRECIATION — A method of cost write-off in which depreciation allowances are greater in the first few years of ownership than in subsequent years. This permits an earlier recovery of capital and a faster tax write-off of an asset. ACCELERATION CLAUSE — A condition in a real estate financing instrument giving the lender the power of the property, or a delinquency in the repayment of the note. ACCEPTANCE — The act of agreeing or consenting to the terms of an offer thereby establishing the “meeting of the minds” that is an essential element of a contract.