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Debit
Debit A charge on an accounting statement or balance sheet (appearing on the left-hand column); the opposite of a credit.
RELATED TERMS--------------------------------------
Accounting
The agent must be able to report the status of all funds received from or on behalf of the principal.
Statement
A detailed record of transactions in a bank customer's account(s) for a certain period, usually each month, which shows debits, credits, transfers, payroll deposits, account balance, check fees, service charges, ATM activity, etc.
Balance
The appraisal principle that states that the greatest value in a property will occur when the type and size of the improvements are proportional to each other as well as the land.
Credit
An agreement in which a borrower receives something of value in exchange for a promise to repay the lender at a later date.
SIMILAR TERMS--------------------------------------
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Datum
A horizontal plane from which heights and depths are measured.
Days on the market
The period of time a property is listed for sale until it is sold or taken off the market.
Deadbolt lock
Locks that require a key to open from the outside and a turn button from the inside.
Deal structure
With regard to the financing of an acquisition, deals can be unleveraged, leveraged, traditional debt, participating debt, participating-convertible debt or joint ventures.
Debenture
A type of long-term bond or note given as evidence of debt. Unlike a mortgage note, a debenture is not secured by a specific property.
Debit
Debt
An amount owed to another.
Debt consolidation
The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period.
Debt coverage ratio
The ratio between the net income of an investment and the amount of debt service of the investment: expressed as (NOI - DS = DCR).
Debt ratio
The relationship between a person's long term debt payments and their monthly income.
Debt service
The total amount of the load payment, including principal and interest.
This dictionary contains 6433 terms. |
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