Terms & Definitions D-1
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
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| Decreasing Return | show 🗑
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| show | Written instrument, that transfers ownership of real property from one party to another.
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| Deed Restrictions | show 🗑
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| show | Deed used when a grantor (trustor) transfers title to a trust controlled by a trustee for the benefit of a beneficiary.
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| show | A clause used in a lease or a mortgage to cancel a certain right, when a specific condition has been met. EXAMPLE: To cancel the granting clause to the bank, when the mortgage has been fully paid.
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| Deficiency | show 🗑
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| Delivery | show 🗑
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| show | One of the elements of value in appraisal. The amount of goods ,that the market will buy at a certain price. Associated with supply.
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| show | Under M. G. L chapter 93A Consumer Protection Law, the letter sent to the individual against, whom the action is to be taken. Begins a 30 day response cycle that precedes any further legal action.
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| show | Mortgage where the lender (mortgagee) has the right to call the note due at anytime.
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| Demise | show 🗑
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| Depreciation | show 🗑
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| show | Acquisition of an estate by means of inheritance (without a will).
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| Designated Agent | show 🗑
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