- DadoA groove cut into a board or panel intended to receive the edge of a connecting board or panel. Read More
- Damp-ProofingThe black, tar like waterproofing material applied to the exterior of a foundation wall. Read More
- DamperA metal "door" placed within the fireplace chimney. Normally closed when the fireplace is not in use. Read More
- DaylightThe end of a pipe (the terminal end) that is not attached to anything. Read More
- Days on MarketDefined as the number of days from the date a property is listed for sale on the real estate brokers’ multiple listing service (MLS) to the date(...) Read More
- De-HumidistatA control mechanism used to operate a mechanical ventilation system based upon the relative humidity in the home. Read More
- Dead BoltAn exterior security lock installed on exterior entry doors that can be activated only with a key or thumb-turn. Unlike a latch, which has a(...) Read More
- Dead LightThe fixed, non-operable window section of a window unit. Read More
- Debt Coverage RatioThe ratio of cash flow available to pay for debt to the total amount of debt payments to be made. In real estate finance, DSCR is the primary(...) Read More
- Debt RatioAbbreviation of Debt Ratio. See Debt-to-Income Ratio. Read More
- Debt ServiceThe periodic payments (principal and interest) made on a loan. Read More
- Debt Service Coverage RatioThe ratio of cash flow available to pay for debt to the total amount of debt payments to be made. In real estate finance, DSCR is the primary(...) Read More
- Debt-to-EquityAcronym for Debt-to-Equity. See Debt-to-Equity Ratio. Read More
- Debt-to-Equity RatioA ratio that shows how much of a property an investor owns versus how much is owed on the mortgage. This is an important measure of ownership of(...) Read More
- Debt-to-IncomeAcronym for Debt-to-Income. See Debt-to-Income Ratio. Read More
- Debt-to-Income RatioUsed to measure a borrower’s ability to repay a loan, the ratio (expressed as a percentage) that results when a borrower’s monthly payment on(...) Read More
- Deck, DeckedTo install the plywood or wafer board sheeting on the floor joists, rafters, or trusses. Read More
- Declining PercentageA form of prepayment penalty for which the borrower pays a lump sum based on a percentage of the outstanding principal balance at the time of(...) Read More
- Dedicated CircuitAn electrical circuit that serves only one appliance (ie, dishwasher) or a series of electric heaters or smoke detectors. Read More
- DeedA signed and sealed legal document that is used to transfer a title; typically used for real estate, automobiles, and other larger-scale purchases. Read More
- Deed BookA book among the public records in which deeds are recorded. Read More
- Deed-In-LieuWith the lender’s approval, a borrower may transfer the deed to a property to the lender to satisfy a debt and avoid foreclosure. Read More
- Deed-In-Lieu of ForeclosureWith the lender’s approval, a borrower may transfer the deed to a property to the lender to satisfy a debt and avoid foreclosure. Read More
- Deed of TrustA legal document in which the borrower transfers the title to a third party (trustee) to hold as security for the lender. When the loan is paid(...) Read More
- DefaultFailure to perform a promised task or to pay an obligation when due. Read More
- Default AmountThe unpaid principal balance of a loan as of the date of default, excluding any Negative Amortization. Read More
- DefeasanceA form of prepayment penalty for which the borrower is required to purchase and deposit with the lender substitute collateral, such as a(...) Read More
- Defect In TitleWhere the title to real estate or documents relating to that title are found to be incorrect. Read More
- Defects Liability PeriodThe specified period of time within which the contractor is required, at his or her own cost, to rectify any defects in the completed works,(...) Read More
- Deferred MaintenanceMaintenance that is due to be carried out in the current financial year but which will not be carried out because of a shortage of funds or(...) Read More
- Deficiency JudgementA court order to pay the balance owed on a loan if the proceeds from the sale of the security are insufficient to pay off the loan. Deficiency(...) Read More
- DelaminationSeparation of the plies in a panel due to failure of the adhesive. Usually caused by excessive moisture. Read More
- DelinquencyFailure to make a payment when it is due. The condition of a loan when a scheduled payment has not been received by the due date, but generally(...) Read More
- DemolitionOr "Demo". Construction work to remove existing fixtures, walls, or other structures to prepare a space for renovation. Demolition entails(...) Read More
- Department of Veterans AffairsAn independent agency of the federal government that guarantees long-term, low- or no-down payment mortgages to eligible veterans. Read More
- DepositA sum of money given to bind a sale of real estate. Also known as earnest money. Read More
- DepreciationLoss in value occasioned by ordinary wear and tear, destructive action of the elements, or functional or economic obsolescence. Read More
- Design BuildA design build approach combines design and construction functions together under one company who will be entirely responsible for the success(...) Read More
- Design ReviewDuring a design review, local authorities will verify building plans to ensure building code compliance for the issuance of building permits. Read More
- DesignerA professional (typically non-licensed) who designs houses or elements of a residence, including interior design, landscaping and more. Read More