Glossary
Application order
The order in which a payment is applied to interest, fees, costs and assessments. It decides whether a paying owner is catching up or falling further behind.
Jurisdiction record
What it is called where you are
Ontario
- Oldest first, held as a rules pack parameter.
Florida
- Section 718.116(3): interest, then late fees, then costs and attorney fees, then assessments.
Product record
Where this shows up in Board Butler
Every term, both jurisdictions
The glossary carries the whole vocabulary a condo or HOA board runs into, with the Ontario and Florida words side by side.