A PRIORI

a priori knowledge refers to a knowledge of the actual population, rather than that estimated by observation. Suppose for example that we pick two red beads and three black beads from a bag; what is the probability that the next bead we pick out will be red? Without a priori knowledge, we can only estimate this from the statistics we have observed, so in this case we might estimate the probability of picking out a red bead as 0.4. But if we knew, a priori, that there were only two red beads in the bag, then we would know for certain that the probability of picking out another red bead was in fact zero.

A PRIORI ABANDONMENT ABATEMENT ABSENTEE LANDLORD ABSORPTION RATE ABSTRACT OF TITLE ABSTRACTION METHOD  ACCELERATION CLAUSE ACCELERATED DEPRECIATION ACCEPTANCE ACCESSORY BUILDING ACCRETION ACCRUED INTEREST ACQUISITION ACRE ADJUSTED COST BASE ADMINISTRATOR AD VALOREM ADEQUATE PUBLIC FACILITIES ORDINANCE ADDITIONAL PRINCIPAL PAYMENT AMERICAN SOCIETY OF APPRAISERS  ANNUAL PERCENTAGE RATE (APR)

 

Real Estate and Mortgage Terms

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