by Myers Jackson | Sep 10, 2022 | Terms
Hammer Price Price established by the highest bidder and acknowledged by the auctioneer before dropping the hammer or gavel. Hammer price is what is commonly referred to the price obtained after the highest and best bid has been received from an individual or an...
by Myers Jackson | Sep 10, 2022 | Terms
Graduate Personal Property Appraiser The professional designation awarded by the NAA Education Institute to qualified property appraisers who meet the educational and experiential requirements of the Institute and who adhere to a strict code of ethics and standards of...
by Myers Jackson | Sep 10, 2022 | Terms
National Auctioneers Association An association of individual auctioneers united to promote the mutual interests of its members; formulate and maintain ethical standards for the auction profession; promote the enactment of just and reasonable laws, ordinances and...
by Myers Jackson | Sep 10, 2022 | Terms
America Bankruptcy Institute The American Bankruptcy Institute is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased...
by Myers Jackson | Sep 10, 2022 | Terms
Federal Housing Administration The FHA provides mortgage insurance on loans made by FHA-approved lenders throughout the U.S. and its territories. FHA insures mortgages on single family and multifamily homes including manufactured homes and hospitals. It is the largest...
