|
D |
| debtor |
Someone who owes money to another person or entity. |
| deed |
A legal document conveying title to a property. |
| default |
Failure to make mortgage payments regularly or to comply with other requirements of the mortgage. |
deferred
establishment fee |
A fee charged when you pay out your loan within a short period of taking it out. |
| deposit |
A percentage of the purchase price given to bind the sale of real estate. |
| disposable income |
Any income left over after all known expenses (bills, mortgage payments, car loans) have been met. |
| depreciation |
A decline in the value of property due to changes in market conditions or other causes. |
| disbursement |
A cash expenditure for the purpose of settling a debt. |
| drawdown |
The disbursement of loan funds, especially referring to lines of credit where you can use the funds as required. |
| dual occupancy |
A block of land which is zoned so that there two distinct dwellings are permitted to be constructed. |
| duplex |
A type of construction where two buildings are attached together by a common wall. Also called semi-detached. |
