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encumbrance

 
Dictionary: en·cum·brance   (ĕn-kŭm'brəns) pronunciation
n.
  1. One that encumbers; a burden or impediment.
  2. Law. A lien or claim on property.

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Investment Dictionary: Encumbrance
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A claim against a property by another party. Encumbrance usually impacts the transferability of the property.

Investopedia Says:
Also known as a lien.

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Real Estate Dictionary: Encumbrance
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Any right to or interest in land that affects its value. Includes outstanding Mortgage loans, unpaid taxes,Easements, Deed Restrictions.
Example: Encumbrances on Blackacres include 3 mortgages, 4 Leases a Mechanic's Lien and a deed restriction preventing the sale of alcoholic beverages on the land.

Accounting Dictionary: Encumbrance
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1. In government accounting, commitments related to unfilled contracts for goods and services including purchase orders. The purpose of encumbrance accounting is to prevent further expenditure of funds in light of commitments already made. At year-end, encumbrances still open are not accounted for as expenditures and liabilities but, rather, as reservations of fund balance. When an estimated or contractual liability is entered into, the entry is to debit encumbrances for the estimated amount and credit Reserve for Encumbrances. When the actual expenditure of an amount previously encumbered is known, there are two entries. The first entry is to reverse the original encumbrance. The second entry is to record the expenditure by debiting expenditures and crediting Vouchers payable. At year-end, the encumbrance account is closed out against fund balance.

2. Debt secured by a lien on assets.

Antonyms: encumbrance
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n

Definition: hindrance
Antonyms: asset, help


Architecture: encumbrance
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A restriction on the use of real property, or an obligation to make a payment which is secured by real property and which does not prevent its conveyance.


Law Encyclopedia: Encumbrance
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This entry contains information applicable to United States law only.

A burden, obstruction, or impediment on property that lessens its value or makes it less marketable. An encumbrance (also spelled incumbrance) is any right or interest that exists in someone other than the owner of an estate and that restricts or impairs the transfer of the estate or lowers its value. This might include an easement, a lien, a mortgage, a mechanic's lien, or accrued and unpaid taxes.

Obscure Words: encumbrous
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obs.  cumbersome, distressing, troublesome
Wikipedia: Encumbrance
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Encumbrance is a legal term of art for anything that affects or limits the title of a property, such as mortgages, leases, easements, liens, or restrictions. Also, those considered as potentially making the title defeasible are also encumbrances. For example, charging orders, building orders and structure alteration.

Contents

Jurisdictions

Hong Kong

In Hong Kong, there is statutory definition of "encumbrance". In Conveyancing and Property Ordiance (Cap. 219) it reads: ""encumbrance" (產權負擔) includes a legal and equitable mortgage, a trust for securing money, a lien, a charge of a portion, annuity, or other capital or annual sum;and "encumbrancer" (產權負擔人) has a meaning corresponding with that of "encumbrance" and includes every person entitled to the benefit of an encumbrance, or to require payment or discharge thereof".

Other uses

Colleges

It is also a term used by colleges and universities to describe limitations placed on a student's account due to late payment, late registration, or other reasons stated by the institution. An encumbrance can prohibit students from registering for classes, affect the release of their transcripts, or delay the reception of their diplomas.

Accounting

In management accounting, encumbrance is a management tool used to reflect commitments in the accounting system and attempt to prevent overspending. Encumbrances allow organizations to recognize future commitments of resources prior to an actual expenditure.

Pre-encumbrance
Amount expected to spend, but for which there is no legal obligation to spend. A requisition is a typical pre-encumbrance transaction.
Encumbrance
Amount for which there is a legal obligation to spend in the future. A purchase order is a typical encumbrance transaction.
Expenditure
Amount for which there has been an expenditure of funds. An expenditure is recorded in Commitment Control for both vouchers payable and journal entries.

Translations: Encumbrance
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Dansk (Danish)
n. - byrde, hindring, behæftelse, ærgrelse, besvær

Nederlands (Dutch)
beletsel, last, hypotheek

Français (French)
n. - fardeau, handicap, gêne, charge hypothécaire

Deutsch (German)
n. - Belastung, Last

Ελληνική (Greek)
n. - άχθος, βάρος, εμπόδιο, νομικό ή οικογενειακό βάρος

Italiano (Italian)
fardello

Português (Portuguese)
n. - empecilho (m), dependente (m) (f) (criança)

Русский (Russian)
препятствие, бремя, иждивенец, закладная на имущество

Español (Spanish)
n. - lastre, carga inútil

Svenska (Swedish)
n. - hinder, besvär, belastning, hypotek

中文(简体)(Chinese (Simplified))
阻碍, 累赘, 妨害物

中文(繁體)(Chinese (Traditional))
n. - 阻礙, 累贅, 妨害物

한국어 (Korean)
n. - 방해물, 부동산상의 채무

日本語 (Japanese)
n. - じゃま物, 係累

العربيه (Arabic)
‏(الاسم) رهن, عائق‏

עברית (Hebrew)
n. - ‮משא, מעמסה, מיטרד, משכנתא‬


 
 

 

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Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more
Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved.  Read more
Accounting Dictionary. Dictionary of Accounting Terms. Copyright © 2005 by Barron's Educational Series, Inc. All rights reserved.  Read more
Answers Corporation Antonyms. © 1999-2009 by Answers Corporation. All rights reserved.  Read more
Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more
Obscure Words. © 2008 by Michael A. Fischer http://home.comcast.net/~wwftd Read more
Wikipedia. This article is licensed under the Creative Commons Attribution/Share-Alike License. It uses material from the Wikipedia article "Encumbrance" Read more
Translations. Copyright © 2007, WizCom Technologies Ltd. All rights reserved.  Read more