| Question |
Answer |
| Damages |
The indemnity recoverable bya person who has sustained an injusry, either to his/her person, property, or relative rights, through the act or default of another. |
| Debit |
The amount charged as due or owing. |
| Debit Capital |
Money borrowed for a particular business purpose. |
| Debt Service |
Annual amount to be paid by a debtor on an obligation to repay borrowed money. |
| Decedent |
One who is dead. |
| Decree |
Order issued by one in authority; an edict or law; a judicial decision. |
| Dedication |
A grant and appropriation of land by its owner for some public use, accepted for such use, by an authorized public official on behalf of the public. |
| Deed |
An instrument in writing duly executed and delivered, that conveys title to real property. |
| Deed Restriction |
An imposed restriction in a deed for the purpose of limiting the use of the land such as 1.A restriction against the sale of liquor theron 2. A restriction as to the size, type, value or placement of improvements that may be erected thereon. |
| Default |
Failure to fulfill a duty or promise, or to discharge an obligation; omission or failure to perform any acts. |
| Defeasance Clause |
The cluase in a mortgage that permits the mortgator to redeem his or her property upon the repayment of the obligations to the mortgage. |
| Deficiency Judgment |
A judgment given when the security of the loan does not entirely satisfy the debt upon its default. |
| Delivery |
The transfer of the possession of a thing from one person to another. |
Beef Production
