Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

debt
An amount owed to another.
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deed
The legal document conveying title to a property.
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deed of trust
The document used in some states instead of a mortgage; title is conveyed to a trustee.
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deed-in-lieu
A deed given by a mortgagor to the mortgagee to satisfy a debt and avoid foreclosure.
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default
Failure to make mortgage payments on a timely basis or to comply with other requirements of a mortgage.
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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.
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depreciation
A decline in the value of property.
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down payment
Portion of the purchase price of a property that a buyer pays upfront and does not finance with a mortgage.
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