A (11) | B (6) | C (15) | D (2) | E (6) | F (5) | G (1) | I (4) | J (1) | L (2) | M (5) | P (5) | Q (2) | R (12) | S (3) | T (3) | U (1) | V (1) | W (1)
Accrual Basis Accounting

The keeping of accounts so as to show accrued earned income and accrued expense without regard to actual received income and disbursements.

Action

Legal proceedings brought by or against the Corporation and requiring, in specific instances, the delivery of written notice to all owners and mortgagees of the units of the Corporation's intention to institute legal proceedings either on its own behalf or on behalf of any owner.

Agenda

A list of meeting activities in the order in which they are to be taken up, by beginning with the call to order and ending with adjournment. It usually includes one or more specific items of business to be discussed. It may, but is not required to, include specific times for one or more activities.

Annual General Meeting

A meeting of all owners held once each calendar year (but no more than 15 months after the previous AGM) according to the Act and Bylaws.

Annual Reserve Fund Report

A report on the status of the Reserve Fund, prepared by the Board or Manager and distributed to the owners.

Arbitration

A process where the disputing people present their case to a neutral outside party and that party makes the decision for them.

Arrears

Those portions of Condominium contributions that are overdue and unpaid.

As Built Drawings

The blueprints of the Condominium showing the actual physical location of all underground services, buildings, wiring, plumbing, heating, etc.

Asset

The real and personal property of the Corporation acquired for the use and enjoyment of the property, which owners can share and enjoy in the same proportions of their common interests. Anything owned that has value.

Audit

An examination of accounting documents and the supporting information to verify their correctness.

Auditor

A person licensed as a public accountant under the Regulated Accounting Profession Act appointed and removed according to Bylaws.