Chapter 11 Word Scramble
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| Term | Definition |
| Accrued | Items that have been accumulated over time. Such as depreciation or taxes. |
| Blockbusting | The practice of attempting to influence one to sell or rent with threats, that persons of a particular protected class are entering the neighborhood. |
| Book Value | Value remaining after depreciation. Original cost less accrued depreciation. |
| Federal Civil Rights Act-1866 | The first of three major pieces of legislation, that affects fair housing and prohibits any discrimination, including housing, when that discrimination is based on race. |
| Federal Fair Housing Act-1968 (Title VIII) | Federal law know as Title VIII, that addresses discrimination in matters of housing including protected classes, prohibited practices, new construction, financing, providing brokerage services, and appraisal reports. |
| Mass Commission Against Discrimination (MCAD) | The state agency responsible for the administration of Mass Fair Housing Law. This includes receiving any complements in the state regarding fair housing. |
| Mass Fair Housing Law (MGL 1 51 B) | Mass. state law, that addresses discrimination in matters of housing. Covers similar areas as Federal Title VIII, but goes much further in who is protected under the law. More protected classes. |
| MGIC Mortgage Guaranty Insurance Corporation | One of a number of Private Mortgage Insurance (PMI) companies that privately insure a portion of the mortgage risk, when a lending institution is not willing to assume it (typical with down payments of less than 20%). |
| Protected Class | A group of people under fair housing legislation, that have been identified as receiving protection under the law. Usually because they have specifically experienced discrimination. |
| Redlining | The practice of a lending institution identifying a certain geographic area, to receive different lending practices, and other geographic areas. Identified with discrimination, because this is often done in minority neighborhoods. |
| Steering | The attempt to influence buyers, by showing members of a protected class a property in neighborhoods, made up predominately of the same protected class, while not showing properties and other neighborhoods. |
| Useful Life | The number of years a thing will last before needing replacement. |
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