What does Acknowledgment mean?

In real estate, an acknowledgment is a formal declaration or statement acknowledging the receipt or completion of certain documents or actions. This could include the signing of a contract or the transfer of ownership of a property.

Related Terms

Closing Statement Contingent Fee Adjustable-rate mortgage Certificate of Eligibility Lock-In Graduated-Payment Mortgage (GPM) Real Estate Investment Trusts (REITs) Electric Service Panel Lease Latent Defect Homeowners' Warranty Commitment Fee Common Law Investment Property Credit Damper Money Market Funds Leasehold Estate