acre

Definition

A archaic unit of land measurement still clinging to relevance in real estate and agriculture, roughly equivalent to the amount of ground an oxen-powered farmer could plow in a day—or about 4,047 square meters if you're trying to sound metric and sophisticated.

Example Usage

The developer purchased a 50-acre parcel to build the strip mall that nobody asked for.

Source: Merriam-Webster Dictionary

Related Terms

Beginner

plans

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Intermediate

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wholesaling

A real estate strategy where investors contract a property at below-market price and immediately sell the contract to another buyer for a profit, without ever actually owning the property. It's like being a middleman who gets paid for connecting dots on a map.

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Starter Home

A concept from the 1990s where young people could afford a small first home before upgrading. Now it mostly exists as a fairy tale told by boomers alongside legends of affordable college and pension plans.

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Advanced

master lease

A lease that gives the tenant the right to sublease the property to others, essentially making them a middleman landlord. It's landlording with training wheels, or a profit opportunity, depending on your perspective and local laws.

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Intermediate

NOD (Notice of Default)

A formal notice that a borrower has failed to make mortgage payments and is in breach—basically the bank's official 'we're really upset' letter. The beginning of the foreclosure process.

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