Question

what do you mean by encumbrance????​

Answer 1

Answer:

an impediment or burden.

"the horse raised its hind leg as if to rid itself of an encumbrance"

Answer 2

Question :-

• What do you mean by Encumbrance?

Answer :-

➣ An encumbrance is a portion of a budget set aside for spending required by law or contract, but is not actually physically paid out yet, reports Accounting Tools.

$\huge\bf{Extra Information :-}$

➫ An encumbrance is a restriction placed on the use of funds.

➫ The most common types of encumbrance apply to real estate , these include mortgages, easements, and property tax liens.

➫ An encumbrance is a claim against a property by a party that is not the owner.

➫Encumbrances are open commitments to a transaction.

➫ Encumbrances are not considered actual expenses and are not included in actual-expense balances.

➫An encumbrance in real estate means someone besides the owner has a claim on the property.

➫Encumbered is weighted down, loaded sufficiently to make slow.

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