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AAMC
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Accredited Association Management Company. A manager certification issued by the Community Associations Institute.
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ADA |
Americans with Disabilities Act |
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ADR |
Alternative Dispute Resolution |
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AG |
Attorney General |
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AICPA
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American Institute of Certified Public Accountants
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AMS
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Association Management Specialist. A manager certification issued by the California Association of Community Managers.
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ARC
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Architectural Review Committee. Also referred to as "Architectural Committee" "Design Review Committee" or "Environmental Control Committee." Older documents sometimes refer to it as the "Art Jury."
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BJR
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Business Judgment Rule
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BOMA |
Building Owners and Managers Association. An organization dedicated primarily to the owners of apartment and commercial buildings. |
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CACM
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California Association of Community Managers.
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CAI
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Community Associations Institute
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CCAM
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Certified Community Association Manager. A manager certification issued by the Community Associations Institute.
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CC&Rs |
Declaration of Covenants, Conditions & Restrictions |
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CD
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Certificate of Deposit. An interest-bearing, FDIC insured investments offered by banks and savings & loans. |
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CDARS
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Certificate of Deposit Account Registry Service. A program offered by some banks where an association's monies can be dispersed into individual CDs up to
FDIC limits in member banks across the country.
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CID
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Common Interest Development
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CIRA
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Common Interest Realty Association
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CLAC |
California Legislative Action Committee. A CAI committee that tracks and lobbies the Legislature on bills affecting common interest developments. |
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CMCA
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Certified Manager of Community Associations. A manager certification issued by the National Board of Certification of Community Association Managers.
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CO-OP
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Refers to a "Stock Cooperative," a form of common interest developments.
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CPA |
Certified Public Accountant |
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CPI
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Consumer Price Index. Used by many associations during the budgeting process.
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CPM
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Certified Property Manager. A manager certification issued by the Institute of Real Estate Management.
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dB |
Decibel. A unit of measurement for sound intensity. |
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DRE
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Department of Real Estate
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ECC
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Environmental Control Committee. A term used by some associations for the Architectural Committee.
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ECHO
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Executive Council of Homeowners. An industry organization headquartered in San Jose, California that publishes articles by industry experts, hosts educational seminars and lobbies to improve the laws that govern HOAs.
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EV |
Electric Vehicle |
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EVC |
Electric Vehicle Charger |
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FASB |
Financial Accounting Standards Board. An organization that
develops concepts and standards for financial accounting and reporting
for organizations and businesses. |
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FCC |
Federal Communications Commission |
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FDIC
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Federal Deposit Insurance Corporation
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FHA |
Federal Housing Administration |
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FIIC |
Field Impact Insulation Class |
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FTB
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Franchise Tax Board. California agency that collects income taxes from California residents.
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GAAP |
Generally Accepted Accounting Principles. A set of rules, conventions, standards, and procedures for reporting
financial information.
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HELOC |
Home Equity Line of Credit |
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HOA
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Homeowners Association
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HUD |
Housing and Urban Development |
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HVAC
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Heating, Ventilation and Air Conditioning
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IDR |
Internal Dispute Resolution |
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IIC |
Impact Insulation Class. A laboratory measurement of the ability of proposed materials to mitigate against impact sounds such as footfalls. |
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LSM
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Large-Scale Manager. A manager certification issued by the Community Associations Institute.
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MUD |
Mixed Use Development |
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NBC-CAM
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National Board of Certification of Community Association Managers.
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NIC |
Noise Isolation Class.
An over-all measurement of the sound isolation between units in a
multi-family dwelling. |
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NOD |
Notice of Default. Initiates the foreclosure process against a delinquent owner. |
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PCAM
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Professional Community Association Manager. A manager certification issued by the Community Associations Institute.
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PD |
Planned Development |
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POA |
Property Owners Association |
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PUD |
Planned Unit Development. Used interchangeably with PD. |
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REO
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Real Estate Owned
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RFB |
Request for Bid |
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RFP
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Request for Proposal
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STC |
Sound Transmission Class |
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TIC
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Tenants in Common. Denotes a form of common interest development where ownership is held as tenants in common with an exclusive right to occupy a particular unit. The most common TICs are community apartment projects.
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TRO
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Temporary Restraining Order. An emergency remedy of brief
duration which prevent a party from taking a particular action until
the court has had an opportunity to hear arguments or evidence on an
issue. |
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UCIOA |
Uniform Common Interest Ownership Act
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