Real Estate Glossary (A thru Z) |
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Fort Lauderdale Real Estate Glossary
Glossary - D
Debt
An amount owed to another. See installment loan and revolving liability.
Deed
The legal document conveying title to a property.
Deed-in-lieu
A deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure. Also called a "voluntary conveyance."
Deed of trust
The document used in some states instead of a mortgage; title is conveyed to a trustee.
Deed Restriction
An imposed restriction in a deed that limits the use of the property. For example, a restriction could prohibit the sale of alcoholic beverages.
Default
Failure to make mortgage payments on a timely basis or to comply with other requirements of a mortgage.
Delinquency
Failure to make mortgage payments when mortgage payments are due.
Delivery
Transfer something from one entity to another.
Deposit
A sum of money given to bind the sale of real estate, or a sum of money given to ensure payment or an advance of funds in the processing of a loan.
Demographics
Characteristics of human populations as defined by population size and density of regions, population growth rates, migration, vital statistics, and their effect on socio-economic conditions.
Depreciation
A decline in the value of property; the opposite of appreciation.
Discount rateThe percentage rate at which money or cash flows are discounted. The discount rate reflects both the market risk-free rate of interest and a risk premium.
Discounting
The process of reducing the value of money received in the future to reflect the opportunity cost of waiting to receive the money
Dower
The rights of a widow in the property of her husband at his death.
Down payment
The part of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage.
Due-on-sale provision
A provision in a mortgage that allows the lender to demand repayment in full if the borrower sells the property that serves as security for the mortgage.
Due-on-transfer provision
This terminology is usually used for second mortgages.