Browse the glossary using this index
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DAMAGESThe indemnity recoverable by an injured party to compensate him for the loss suffered through an act or default of another. | |
DEBENTURE | |
DEBT SERVICE | |
DECLARATIONTo make known openly and in definite terms; that which along with the by-laws, defines the rules by which a condominium will exist. | |
DEDICATIONAn appropriation of land by its owner for some public use, and acceptance for such use by authorized public officials on behalf of the public. In certain cases, five years of uninterrupted public use will be considered an acceptance. | |
DEED | |
DEED RESTRICTIONS | |
DEFAULTFailure to meet an obligation or promise when due. | |
DEFEASANCE CLAUSEThe clause in a mortgage that gives the mortgagor the right to redeem his property upon the payment of his obligation to the mortgagee, and declares the instrument null and void upon payment of debt when due. | |