An indication that there is a charge over the land for payment of money, eg. A mortgage.

A mortgage in fee or for a less estate, a trust for securing money, a lien, and a charge of a portion, annuity or other capital or annual sum; and "encumbrancer" has a corresponding meaning, and includes every person entitled to the benefit of an encumbrance, or to require payment or discharge thereof.

A restriction that is either a monetary claim against the land (such as a lien, mortgage or lease), or a non monetary one (such as an easement).

Any right to or interest in land that affects its value. Includes outstanding mortgage loans, unpaid taxes, easements, deed restrictions.

Restrictive real property interest or right.

A negative situation against clear title of a property that hinders conveyance such as unpaid taxes, easements, deed restrictions, mortgage loans or other charges/liens against the property.

Any claim or lien attached to and binding on real property that may lessen value, obstruct, or impair the use of a property, that may or may not prevent transfer of title, and/or right or interest in property.

A legal impediment which prevents dealing with a property freely eg: a mortgage over property• Debts - for Creditors• Debts - for Debtors

A charge or liability affecting the title of property. The most common example is a mortgage.

Anything which affects or limits the absolute and unqualified title to property (e.g. mortgages, liens, etc.). See Resources; Transfer of Property

An unauthorized invasion or intrusion of a fixture or other real property wholly or partly upon another's property, thus reducing the size and value of the invaded property.

A lien or anything else that affects or limits the fee simple title to a property, such asmortgages, leases, easements, or restrictions.

is a) a right or interest in land owned by someone other than the owner of the land itself; examples include easements, leases, mortgages, and restrictive covenants; or, b) in accounting, an encumbrance is an anticipated expenditure, or funds restricted for anticipated expenditures, such as for outstanding purchase orders.

Records the estimated liability for goods or services to be received in the future, obligates the budget, and reduces the available balance.

A right, lien or claim attached to real property that passes with title. For example, easements, judgment liens, and mortgages that may reduce the property's market value.

A claim, lien, charge or liability attached to and binding upon property, such as a judgment, mortgage, lien for unpaid taxes, right-of-way.

any liability, lien, charge, claim, or other factor related to a property that will or may decrease the property value but will generally not impact transfer of ownership.Encumbrance may affect either the physical shape of the property or the title of ownership.That is, encumbrances may be easements, restrictions, and encroachments.They can also be liens, judgment against an owner or property, and home loans.

A right or interest over or in land possessed by someone other than the owner of the land, e.g. an easement, a lease or a mortgage.

( charge) Any incumbrance on the property to be insured should be advised to the company when the application for contract is made or if added during the policy term. Incumbrances may consist of judgement liens, mortgages or liens of other character.

Legal liability on real property that does not prevent the passing of title but diminishes its value, such as a mortgage, judgment, or lien.

Any lien (such as a mortgage, tax lien or judgment lien), easement, restriction on the use of land, outstanding dower right or other interest that may diminish the value of property to its owner.

Anything which affects or limits the fee simple title to property, such as mortgages, trust deeds, easements or restrictions of any kind which do not prevent alienation of the fee title by the owner. Liens are special encumbrances which make the property security for the debt.

An interest, right, lien or liability attached to real property (such as unpaid taxes) that constitutes or represents a burden or charge upon the property.

Something that affects the fee simple title policy like a mortgage or easement.

Anything that has a legal claim over a property and which affects the ownership of that property often a mortgage.

A claim or lien on a property which can hinder the seller's ability to pass an unencumbered title to the buyer.

A legal claim on a particular property. e.g. easement or mortgage.

A legal right or interest in a property that affects title and may lessen the property value.

A claim, right or lien upon real property, held by someone other than the owner.

Anything that limits or affects a title and lessens the property value. Encumbrances may be in the form of unpaid taxes, liens, claims or easements.

Deed of Trust or any document, which specifies a lien against a property.

A legal right or interest in a land that affects a good or clear title, and diminishes the value, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants. It does not legally prevent property transfer. A title search is generally all that is necessary to revel an encumbrance. The buyer must determine whether he wants to purchase with the encumbrance or what can be done to remove it.

Any debt, mortgage, judgment, lien or government claim to or upon property for any purpose whatsoever whether by act of parties or by statute.

A claim, right, or lien placed against the title to real estate held by someone other than the real estate owner.

Anything which affects or limits the fee simple title to or value of property, e.g., mortgages or easements.

A claim or interest that limits the right of property. Examples include liens, mortgages, leases, dower rights of easements.

A legal issue attached to a property that devalues a property. An encumbrance can be in the form of a claim, lien, charge, zoning ordinance or any other legal action that would devalue a home.

Anything limiting or affecting the fee simple title to a property, such as mortgages, leases, easements, or restrictions.

A claim or lien, such as a mortgage upon real property, which diminishes the owner's equity in the property.

Property interest or lien on property

Anything that mars title to a property, such as a mechanic's lien, lien for back taxes, an unpaid mortgage, judgement, etc.

Something noted on the title to real estate which restricts the owner from full ownership e.g. a mortgage or caveat.

A liability, such as a mortgage loan.

Any claim, easement, or restriction on use of the land that might limit the quality of the title, or diminish the value, use, or enjoyment of real property.

A legal right or interest in land that affects title. Encumbrances have many forms such as zoning ordinances, easement rights, claims, mortgages, liens, pending legal action, unpaid taxes. Title searches are performed to disclose what encumbrances affect a particular property. A buyer must decide if they want to purchase property with an encumbrance, or decide what can be done to remove it.

An easement, mortgage, or other liability on a property which impedes its use or transfer.

Anything that could affect or limit ownership of real property. (Examples: Liens, mortgages, and easements)

This is a lodged or registered interest in land held by someone who is not the registered proprietor (eg a mortgage, easement, caveat)

A retraction, liability or charge on a particular property. For example a mortgage or easement.

A claim or liability on property whose value is lessened because of that claim or liability; includes easements, mortgages, liens, etc.

This records details of transfer of ownership of a property in succession upto the current owner. It shows the date, the names of the parties involving the amount of consideration, the extent and schedule of the property. This certificate can be obtained from the sub registrar's office for a payment of fee from any previous year till date. This certificate is also useful in establishing the events as to how and when the present owner came into possession of the property.

A lien or other claim against a property.

Anything that affects or limits the title to a property, such as outstanding mortgages, easement rights or unpaid property taxes.

Any interest, right, lien or liability attached to a parcel of land (such as unpaid taxes or an unsatisfied mortgage) that constitutes or represents a burden or charge upon the property.

Anything which limits the title to a property, such as leases, mortgages, easements, or other restrictions.

Anything that effects or limits title to real property, such as a mortgage, lien, easement, etc.

In a legal or technical sense, anything that limits or affects the ownership of property, such as a lien, mortgage, easement or restriction. In the daily language of real estate people, the term usually means a lien.

An encumbrance is a claim against the property that affects its value, including mortgage loans, junior liens, deed restrictions, easements, or unpaid taxes.

Anything that affects or limits the ownership of real property, such as mortgages, liens, easements, or restrictions of any kind.

Any lien--such as a mortgage, tax, or judgment lien; an easement; a restriction on the use of the land--that may diminish the value of the property.

Any right or interest in land held by other than the owner that may decrease the lands value. Examples include mortgage liens, tax liens, etc. (Back to Terms list)

Any claim registered against title to a property.

Any claim on a property, such as a lien, mortgage or easement.

something affecting title to property, e.g. a mortgage or entail

Any right or interest in land held by persons other than the fee owner which right or interest lessens the value of the fee title. Examples are judgment liens, easements, mortgages, restrictions.

Anything that affects or limits the ownership to real estate, such as loans, leases, easements or restrictions.

Any lien, liability or charge against a property.

Anything that affects or limits the fee simple title to a property, such as mortgages, leases, easements, or restrictions.

A lien, liability or charge upon a parcel of land.

a lien affecting the land and improvements, such as a mortgage or Trust Deed.

Any outside interest in property, such as a mortgagee, conditional sales contract or mechanics lien.

A registered claim for debt against a property, such as a mortgage.

A claim or lien on a property that affects having a clean title.

A claim or liability that is attached to property or some other right that may lessen its value, eg. a lien or mortgage.

Any condition that limits the interest in a title to property such as a mortgage, deed restrictions, easements, unpaid taxes, etc.

Any right to or interest in land which may be held by third parties to the lessening of the value of the title to real estate- such as judgment or unpaid taxes.

Anything that affects or limits the title to a property, such as a lien or mortgage, easement, or a lease or other restriction.

An outstanding lien, claim, or charge registered by a person against the property owned by another. Full title of property is restricted until the encumbrance is removed.

Any claim against the title to a property, such as a lien or mortgage.

Any lien or restriction (a mortgage, tax, judgment, lease, easement, etc.) that may diminish the value of a property.

an interest or partial right in real property which diminished the value of ownership, but does not prevent the transfer of ownership. Mortgages, taxes and judgements are encumbrances known as liens. Restrictions, easements, and reservations are also encumbrances, although not liens.

Something which places a limit on the ownership of a property. An encumbrance could be financail (eg: a mortgage) or perhaps an easement or other right of way.

A claim against property that diminishes that property's value.

Something that affects or limits title to a property, such as restrictions, mortgages, leases, etc.

A claim, lien, charge or liability attached to and binding real property. Any right to, or interest in, land which may exist in one other than the owner, but which will not prevent the transfer of fee title subject to such encumbrances.

() A judgment, lien or mortgage, or other claim registered against the title to land.

A legal right or interest in land that affects or limits complete ownership and control over property. It can take numerous forms, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes or restrictive convenants. An encumbrance does not necessarily prevent transfer of the property to another, but may diminish its value. A title search will usually reveal the existence of such encumbrances, and it is up to the buyer to determine whether he wants to purchase the property with the encumbrance.

Documents that may have a legal implication with respect to the mineral title against which they are registered but that have no effect on title ownership or status of a tenure for the purposes of the registry and are registered for information purposes.

A charge (q.v.) or liability, for example, a mortgage (q.v.).

A legal right or interest in land that affects a good or clear title, and diminishes the land's value. It can take numerous forms, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants. An encumbrance does not legally prevent transfer of the property to another. A title search should reveal the existence of such encumbrances, and it is up to the buyer to determine whether they want to purchase with the encumbrance, or what can be done to remove it.

Any kind of claim against property, such as mortgages, leases, easements, or restrictions.

Any right to, or interest in, real property held by someone other than the owner, but which will not prevent the transfer of fee title (i.e. a claim, lien, charge or liability attached to and binding real property)..

A condition that effects the clear title to the property. Encumbrances can include mortgages or deeds of trust, liens, easement rights, unpaid taxes or assessments. Encumbrances do not prevent the transfer of title of the property. However, the buyer must decide whether to buy the property subject to the encumbrances that will not be removed prior to the change in ownership.

Something that affects or limits the fee simple title to a property, (e.g., a mortgage, lease, or easement, or restriction).

A liability (eg. a mortgage is an encumbrance on a property). Also, any money set aside (ie. reserved) for any purpose.

A liability, claim or lien attached to, and therefore binding, upon real property.

Any outside interest in or right to property founded on legal grounds, such as a mortgage, lien for work and materials, or a right of dower. it diminishes the interest of the person owning the property .

Document to ward of the nightmare of property litigation. It records details of transfer of ownership of a property in succession right to the current owner. It shows the date, the names of the parties involving the amount of consideration, the extent and schedule of the property. This certificate can be obtained from the sub registrars' office for a payment of fee. This certificate is also useful in establishing the events as to how and when the present owner came into possession of the property.

A charge, claim or lien against the title to real property.

Anything which burdens (limits) the fee title to property, such as a lien, easement or restriction of any kind.

An encumbrance is a burden on the real estate. Encumbrances usually benefit another party. Encumbrances include easements, mortgages and taxes due

Any right, interest or other claim against land which is registered on title and affects the owner's ability to sell the property.

An impediment to the use or transfer of the property in the form of an interest or right in the property.

A claim against a property by another party which usually affects the ability to transfer ownership of the property.

A claim, lien, or charge against real property.

A claim or lien or interest in a property by another party. An encumbrance hinders the seller's ability to pass good, marketable, and unencumbered title to you.

Any claim, lien, charge, liability, encroachment, easement, etc. attaching to real property which may cause the title to be clouded and may affect the value of the property.

A charge or liability on a property.

Also known as a Lien, where a claim is made against a property by a third party. Such an act ensures that a property cannot be transferred without first clearing such a Lien or Encumbrance.

Any claim attached to and binding real property which affects or limits the fee simple title to the property, such as a mortgage or easement.

a claim against a property (i.e., lien), which prohibits the transfer of property.

A legal right or interest in land that affects a good or clear title, and diminishes the land's value. An encumbrance may be one of the following: zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants. It does not legally prevent transfer of the property to another. A title search is usually done to reveal the existence of such encumbrances.

A claim against a property. Examples are mortgages, liens and easements

A claim, line charge, attached to and binding real property.

(incumbrance)n. a general term for any claim or lien on a parcel of real property. These include: mortgages, deeds of trust, recorded abstracts of judgment, unpaid real property taxes, tax liens, mechanic's liens, easements and water or timber rights. While the owner has title, any encumbrance is usually on record (with the County Recorder or Recorder of Deeds) and must be paid for at some point.

A legal right or interest in land/property that affects a good or clear title, and reduces the land/properties value. Such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants. An encumbrance will not legally prevent the transfer of the property. A title search is typically done to find the existence of encumbrances. It is up to the buyer to determine whether he wants to purchase an encumbered land/property and what can be done to remove the encumbrance.

A legal right or interest in a property that affects title and lessens the property value. Encumbrances can take the form of claims, liens, unpaid taxes, etc. These will usually have to be taken care of before a buyer will want to purchase the property.

An (usually unfavourable) obligation affecting a property

Anything that effects or limits the title to a property.

A legal claim against of property, a debt or a mortgage.

an encumbrance is a liability which attaches to property, both land and other property, and can include a lien (a right to retain possession) or a charge (a security which supports a debt, e.g. a mortgage). To sell something free from encumbrances means to warrant that no one else has a prior claim over it.

Any financial penalty pending against the value of a property. Specific varieties include: liability, lien and | or charge.

Anything that affects the value of real estate such outstanding mortgage loans and unpaid taxes.

Encumbrance includes a judgment, mortgage, lien, Crown debt or other claim to or on land created or given for any purpose, whether by the act of the parties or any Act or law, and whether voluntary or involuntary.

An outstanding liability or charge on a property

A claim on property, such as a mortgage, a lien for work and materials, or a right of dower. The interest of the property owner is reduced by the amount of the encumbrance.

A lien or charge on land.

Any right to or interest in land that effects its value including outstanding loans, unpaid taxes, easements, or deed restriction; a cloud on title.

Alien, charge, or liability against a property which may affect the transfer of that property.

A lien or claim on a property.

A term used to describe any claim to title such as a lien, mortgage, easement, etc.

An outstanding claim or lien on a property. A property with a mortgage is said to be "encumbered" by that mortgage.

a legal claim registered against a property. It will not necessarily prevent the sale of the property, but it may affect its value.

A problem with the title to a property that does not affect the transfer of ownership.

A legal right or interest in land that affects a good or clear title. It can take numerous forms, such as zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive covenants. A title search is all that is usually done to reveal the existence of such encumbrances.

A legal right or interest in land that affects a good or clear title, and diminishes the land's value. Examples: zoning ordinances, easement rights, claims, mortgages, liens, charges, a pending legal action, unpaid taxes, or restrictive convenants. An encumbrance does not legally prevent transfer of the property to another. To reveal the existence of such encumbrances a title search is usually all that is done, and it is up to the buyer to decide to purchase with the encumbrance, or look into what can be done to remove it.

A right or claim upon real property (land) held by one other than the property owner. Encumbrances are divided into two classes, as follows: a) Liens (mortgages, deeds of trust, mechanics' liens, local taxes, assessments, judgments, attachments, etc.). b) Encumbrances other than liens which are limitations on the ownership of the land (such as conditions, restrictions, reservations, easements, etc.).

A third party claim against the property.

A claim or lien on a property which complicates the title process.

a right or interest in a parcel of real estate that may lower the value of that parcel to the owner but that does not prevent the owner from transferring his or her title to the parcel to another person.

A cloud against clear free title to the property which does not prevent conveyance such as unpaid taxes, easements, deed restrictions, mortgage loans etc.

A charge on a property, i.e. mortgage caveat or easement.

Any claim, interest, or right inproperty possessed by another that may diminish the true owner's rights or value in the estate. Examples include mortgages, easements, or restrictions of any kind. A claim, lien, or charge on property. Back to the Top

Any lien against a property or any restriction it its use, such as an easement; a right or interest in a property held by one who is not the legal owner.

Anything within the scope of Melbourne Water activities affecting a property that would not be disclosed by a search at the Titles Office.

Anything which affects or limits the fee simple title to property, such as mortgages, deeds of trust, easements or restrictions of any kind. Liens are special encumbrances which make the property security for the payment of a debt or obligation, such as mortgages and taxes.

A legal term for a claim, lien, charge, or liability attached to and binding real property. Not common with timeshares.

A claim or lien against a property.

A lien or charge, whether financial or non financial, registered against the title to the property. An easement is a non Financial Charge, while a mortgage, Judgement or Claim of Builder's Lien would be a financial charge.

lien, charge or liability against a property. Back

anything that burdens a person's title to real property. May include, liens, restrictions, and easements.

A claim (as a lien) against a property or more specifically, an interest or right (as an easement or a lease) in real property that may diminish the value of the estate, but does not prevent the conveyance of the estate. Encumbrances can include mortgages, leases, easements, or restrictions.

A right or interest someone else holds in a homeowner's property that affects its title or limits its use. A mortgage, for example, is a money encumbrance that affects a home's title by making it security for repayment of the loan.

An interest or right in real property which diminishes the value of the fee but does not prevent conveyance of the fee by the owner. Any impediment to the use or transfer of land, including such things as easements, mortgages, caveats, notices of intention to resume, leases etc. which are usually registered on the title.

A third party's right which obstructs the use or transfer of a property (eg easement, mortgage or caveat).

a lien or claim filed against the title to a property. The filing of an encumbrance interferes with any transaction concerning the property whether it be a sale or refinancing of the property.

Any right or interest in property interfering with its use or transfer.

Items that affect or limit the fee simple title such as mortgages, leases, easements, and restrictions.

An encumbrance is an obligation attached to a piece of real property. It is a right or interest held by a party who is not the owner of the property. An encumbrance is not an ownership interest in real property, and the property may be bought and sold even though there are encumbrances attached to the property. Because encumbrances attach to property, not the property owners, a person who buys property with an encumbrance is bound by the encumbrance. Easements and deed restrictions are examples of encumbrances.

The claim on a property by another party which would normally affect the ability to transfer ownership of the property.

Anything that affects or limits the fee simple title to a property or its value. Encumbrances may include mortgages, leases, easements, or restrictions.

A charge or liability, e.g. a mortgage.

A legal claim on an estate.

A lien, charge or liability against a property.

A legal right or interest in land that affects a good or clear title. Usually the Agreement of Sale will provide that the seller deliver a preliminary title policy or the results of a title search within 10 or 15 days. The purpose of obtaining a title search is to reveal the existence of such encumbrances and to give the buyer the opportunity to determine whether he wants to purchase with the encumbrance, or what can be done to remove it. Some encumbrances, such as easement rights, Special Assessments, or restrictive covenants (CC&R's) of a Community Associations "run with the land" and may actually not be negative. Others such as mortgages, judgment liens, a pending legal action, unpaid taxes, are invariably extinguished through settlement process.

A lien, claim or right upon the title to real estate, held by someone other than the real estate owner.

A claim, lien, charge, or liability attached to and binding upon real property that has a tendency to diminish its value.

Any claim or restriction on a property's title.

"a claim, lien, charge or liability attached to and binding real property e.g. mortgage, construction lien, easement".

A right or interest in land decreasing its value but not hindering its sale or transfer.

A claim or a lien that appears on the title that, unless resolved, can interfere with the transfer of property.

Anything, such as a mortgage, tax, or judgment lien, an easement, a restriction on the use of the land or an outstanding dower right that may diminish the value or use and enjoyment of a property.

(1) MORTGAGE or other lien on the entity's ASSETS; (2) Anticipated EXPENDITURE; (3) Uncompleted or undelivered portion of a purchase commitment.

A legal right or claim the affects the title of a property. This may include liens, taxes, or other restrictions that affect the sellers ability to sell the property.

Any type of disability or burden that affects land (crown reservations, easements, mortgages, covenants or restrictions-generally recorded on the title).

Claim or lien or interest in a property that complicates the title process, interfering with its use or transfer. Restrictive covenants.

A legal right, claim or lien upon real property that diminishes the owner's equity or the land's value. Typical encumbrances are mortgages, trust deeds, judgments, assessments, mechanic's liens, easements, etc. They can also be easements that have less financial importance.

Any legal right or interest in, claim or lien on a property, which affects or limits its use, value or transfer.

anything that impedes the use or transfer of a property e.g. an easement or caveat

Any lien, claim, or liability affecting the title or attaching to real property.

Mortgage, lien or other charge against a property.

A claim against a property, such as mortgages, liens, easements, and rights of way

Anything that affects the title to a property such as a mortgage, judgement, or easement.

A right to, or interest in, real property held by someone other than the owner that does not prevent the transfer of fee title

Outstanding claim or lien recorded against property or any legal right to the use of the property by another person who is not the owner.

Any claim, lien, charge or liability attached to and binding upon real property which may lessen the value of the property but will not necessarily prevent transfer of title. There are two general classifications of encumbrances: (1) those that affect the title, such as judgments, mortgages, mechanic's liens and other liens which are charges on property used to secure a debt or obligation; and (2) those that affect the physical condition of the property such as restrictions, encroachments, and easements.

Anything that has an effect on a property's title. For example, mortgages, judgments, liens, easements, etc.

is a claim on your property title – for example, a mortgage

An encumbrance (sometimes referred to, particularly in the United States as an incumbrance) 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.

any claim against a property that might diminish its value

Commitments incurred whereby the goods and services have not yet been received. These commitments are expressed by purchase orders, contracts, future salary, etc. It ceases to be an encumbrance when the commitment is paid or otherwise canceled.

A budgetary tool used to help prevent accounts from overspending by reserving funds for anticipated future expenses. Encumbrances, also referred to as open commitments, are established using transaction code 05x.

An obligation incurred in the form of a purchase order or contract for goods or services ordered but not yet received; sometimes referred to as a commitment.

An entry into Oracle Grants Accounting made to record anticipated expenditures of any type.

An amount committed by Purchase Order or Travel Authorization to be spent that has not yet been paid.

An obligation in the form of a purchase order, contract or other commitment which is chargeable to an appropriation subaccount and for which a part of that appropriation is reserved prior to incurring the liability and prior to the actual expenditure of funds.

An obligation in the form of purchase orders or contracts that are chargeable to an allotment or appropriation and for which a part of the allotment or appropriation is thereby reserved. Encumbrances are not considered elements of expenditures for reporting of allotments, budgets or statewide financial activities.

A financial transaction which reserves funds for a specifically identified purpose. For example, a requisition submitted to the Purchasing Department will generate an encumbrance until the goods or services are actually paid for at which time the encumbrance will be decreased and the actual expenditure component increased. Encumbrances are key components from a planning perspective since it allows managers to quickly determine how much money is actually available for spending versus monies already committed for future spending such as payroll encumbrances. The allocation (budget authority and a positive figure) minus encumbrances and actual expenditures result in the available balance which can be positive or negative. In summation, encumbrances represent expenditures that are going to happen and impact cash but have not occurred as of yet.

An obligation in the form of a purchase order, contract, or other commitment which is chargeable to an appropriation. Available appropriations are reduced by the amount of outstanding encumbrances. Encumbrances are not expenditures or liabilities.

An amount of the available balance of an appropriation earmarked for paying anticipated or known obligations.

The recorded reservation of appropriated funds to provide for payment of County contract obligations, which reduces remaining spending authority under an appropriation by that amount. A certification of funds constitutes sufficient evidence from the Department of Finance that there is a sufficient unencumbered balance in an appropriation to cover the amount of a specified contract, or the first term amount of a multi-term contract, as required by Chapter 11B, Montgomery County Code.

Prospective expenditures, such as Purchase Orders or executory contracts, to be recognized at the time the Purchase Order or executory contract is issued.

The commitment of appropriated funds to purchase an item or service.

All monies committed to the purchase or payment of an item or service; these funds have not actually been liquidated yet, however, they cannot be spent, these funds become expenditures when commitments have been fulfilled (i.e. invoices, etc.)

(see also Dis-Encumbrance) The encumbrance is a preliminary charge to the project. It represents the funds oblidged through a Purchase Order, but not yet spent. It commits project funds at the time of the order and makes them unavailable for other expenditures. It is a vital tool to control expenditures and avoid overages. Purchase Order - Encumbrance - Obligation (Locking) of Funds Facilities & Administrative Costs (F&A) also called Indirect Cost (IDC) Costs that are incurred for common of joint objectives, and therfore , cannot be identified readily and specifically with a particular sponsored project.

funds specifically set aside (i.e., "encumbered") for future costs prior to their actual expenditure.

An encumbrance is an expenditure that is going to happen at a later date. The journal is not an actual transaction, but rather records an amount authorized to be spent. This typically occurs when a contract or purchase order is created.

Funds that have been set aside or "claimed" for projected expenses pending actual expenditure of the funds.

(1) Funds from an appropriation are set aside for a specific purpose ( Such as SCS, PD, PG, etc.). (2) A reservation/commitment (by a Purchase order) of budgeted Moneys into the campus accounting system. The PD, SCS and Orders are all encumbered before processing for payment.

See Commitments

Funds not yet expended and are delegated or set aside in anticipation of an expenditure in the form of a purchase order, contract, or other commitment, chargeable to an appropriation. These funds cease to be an encumbrance when paid.

Commits unspent balances due to a firm obligation for future payment. Typically generated by purchase orders and appointment forms. Included in "Total Commitments"

A firm commitment or obligation placed against funds of a department, in the form of purchase orders or agreements, to cover a later expenditure required when goods are delivered or services are rendered.

The setting aside of a specific sum of money for a specific purpose prior to its expenditure.

Monies set aside in advance from a budget to pay for purchases.