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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
^
38% - Moderately

Acre


Synonyms:acreage, piece of land, plot, unit of area
Filed Under: real-estate
Tags: realty
 

Definition of acre

acre
1. A plot of land 180 by 242 feet is equal to one acre or 43,560 square feet (4,046.856422 square metres). An acre is equivalent to these other notable units of measurement: 1/640 square mile, 4840 square yards, 160 perches, 10 square chains or just over 2 and a half Canadian hockey rinks.


Related Terms and Acronyms:

  • acre foot (AF)   The water or other material needed to cover an acre of land one foot deep. Equivalent to exactly 43,560 cubic feet.
  • arpent   An area equal to about 0.845 acres, traditionally used in France, Quebec and Louisiana. Nowadays, hectares and acres are more commonly used measurements of area.
  • hectare   An area equal to 100 meters by 100 meters
  • land   The solid ground of the earth. This can include everything under it and over it. For example, Condominium Acts do divide land horizontally thereby limiting the vertical ownership.
  • land lot   A piece of land owned by an individual or entity.
  • metes and bounds   A surveyor's legal description of a parcel of land, defined by measurements and angles.
  • plat   A map that shows a parcel of land and how it is subdivided into individual lots. Plat maps also show the locations of streets and easements.
  • property report   A legal disclosure that developers of timeshare properties are required to give to prospective buyers.
  • subdivide   To split something (like a plot of land) into smaller sections.
  • survey (srvy)   A map executed by a licensed surveyor, which sets down precisely the boundaries of a given property as well as improvements, references to known landmarks, and the property's notable features.
      ➥  As in surveyed land.

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