Business, Legal & Accounting Glossary

Definition: Affordability


Full Definition of Affordability

When a house’s price is within the financial means of a consumer. Affordability is generally represented by the absolute highest price the consumer can pay for a house, while being authorized for the mortgage necessary to pay that price.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Affordability. Payroll & Accounting Heaven Ltd.
December 07, 2021
Chicago Manual of Style (CMS):
Affordability. Payroll & Accounting Heaven Ltd. (accessed: December 07, 2021).
American Psychological Association (APA):
Affordability. Retrieved December 07, 2021
, from website:

Definition Sources

Definitions for Affordability are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.