The apportioning of expenses such as rates between a buyer and vendor.
Financial
Allotment
A lot or block subdivided from a larger land area.
Property
Amortisation period
The full term of a loan; the number of years it is expected it will take to completely repay a home loan. 25 years is usually the maximum amortisation period.
Finance
Appraised value
An estimation of the market value of a property pledged as security for a home loan.