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Debt Consolidation: Consolidation of multiple debts into one debt.
Debt Instrument: Also referred to as an income or cash flow stream. A debt instrument is the obligation of one to make payments to another or a debt that one has to another.
Debtor: One who incurred a debt and makes payments on that debt.
Debt Service: The payments of principle and interest that are paid on a loan periodically.
Debt Service Coverage: They money required to make a payment for current principle plus interest.
Debt Service Coverage Ratio: This is a measurement of a mortgaged properties ability to cover monthly payments. It is expressed as the ration of net income from the property over the amount of the debt payment.
Debt-to-Income Ratio: Ration of ones income to debt expressed as a percent of monthly debt obligations compared to monthly income. Used as a qualification for credit.
Deed: A legal document that conveys title of a property.
Default: Failure to meet contractual agreements and conditions.
Defeasance: A defeasance clause gives the borrower the option to prepay a commercial mortgage by purchasing US Treasuries that will go into an escrow account to pay off future debt payments and obligations.
Delinquency: Failure to make payments on their due dates will make the loan or account delinquent.
Demand Feature: A mortgage provision that permits the lender to demand repayment in full if the loan or mortgage defaults.
Demographics: Information about a particular population, area or business.
Density: A measurement of the number of people or buildings in a defined or designated area.
Deposit: Money given and put down with a credit application showing the intention of the applicants.
Deprecation: The decrease in value of property from the original purchase price or value of the property. The opposite of “appreciate”.
Depreciation (Accounting): An accounting practice of allocating an assets cost over its estimated useful life.
Depreciation (Appraisal): ??
Developer: A Developer develops raw land so it is ready to build on and will then parcel out the land and sell it to builders.
Disclosure: A disclosure document explains all terms and conditions of a mortgage or loan.
Discount Points: One-time fees that are paid to a lender at closing for lowering the interest rate of a mortgage.
Discount Rate: The interest rate for loans issued by the federal reserve to other banks.
Distribution Warehouse: Light industrial use commercial property that can be used for some office-use in relation to distribution and warehouse operations.
Dock High: The number of dock level doors or bays available and present.
Documentation Fee: This is a fee charged to the borrower to cover any filing and documentation fees.
Documentation Specialist: This is someone who coordinates the paperwork and documents of a loan and arranges funding.
Down Payment: Money paid towards the purchase of a property that is cash and not funded by financing.
Due Diligence: Thorough research and examination performed on a credit transaction, lender, borrower, client or income stream. It includes but is not limited to credit checks, appraisals, lien searches and UCC searches. Legally due diligence is described as a measure of prudence by a reasonable person under particular circumstances.
Due-on-Sale Clause: Clause that gives the lender the right to demand repayment in full if the borrower sells the property.
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