Sunday, May 19, 2024, 11:14 AM
Site: Burk Baker School of Real Estate & Appraising
Course: DEMO (DE101)
Glossary: Real Estate Glossary
D
DEFICIENCY JUDGMENTA judgment for the balance of a debt; issued when the difference between the indebtedness sued upon and the sale price obtained at the foreclosure sale is less than the debt. |
DELIVERYThe act or intent of transferring an instrument from one person to another in such a way that it cannot be recalled. |
DEMISEA conveyance of an estate to another for life, for years or at will; to lease. |
DEPOSITMoney given by one to another as evidence of his good faith; evidence or security for performance of a contract. |
DEPRECIATIONLoss of value brought about by physical deterioration or functional or economic obsolescence. |
DEPTH TABLEA statistical table that may be used to estimate the value of the added depth of a lot. |
DERELICTIONLand formed by water receding from a river or stream. |
DESCENDANTSChildren, grandchildren, and great grandchildren to the Nth generation living at the time of a person's death who have rights or claims on the property of the decedent. |
DESIGNATED AGENTA licensee named by a broker as the agent of a client. |
DEVISEA gift of realty by will. |