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Debtor
Debtor One who owes money; a borrower, a maker of a note; a mortgagor.
RELATED TERMS--------------------------------------
Borrower
A person who has been approved to receive a loan and is then obligated to repay it and any additional fees according to the loan terms.
Maker
One who creates or executes a promissory note and promises to pay the note when it becomes due
Note
A written instrument acknowledging a debt and promising payment
Mortgagor
The borrower in a mortgage agreement.
SIMILAR TERMS--------------------------------------
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.
Debt service coverage ratio (DSCR)
The annual net operating income from a property divided by annual cost of debt service. A DSCR below 1 means the property is generating insufficient cash flow to cover debt payments.
Debt to income ratio
A comparison of gross income to housing and non-housing expenses.
PREVIOUS AND NEXT TERMS--------------------------------------
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.
Debt service coverage ratio (DSCR)
The annual net operating income from a property divided by annual cost of debt service. A DSCR below 1 means the property is generating insufficient cash flow to cover debt payments.
Debtor
Debt to income ratio
A comparison of gross income to housing and non-housing expenses.
Decedent
A deceased person, especially one who has died recently.
Deck
A roofless, floored area that adjoins a house.
Declaration of condominium
The declaration includes: 1) A legal description of the condominium units and the common elements. 2) A copy of the condominium's bylaws, drafted to govern the operation of the owners' association. 3) A survey of the property. 4) An architect's drawings, illustrating both the vertical and horizontal boundaries of each unit. 5) Any restrictive covenants controlling the rights of ownership.
Declaration of restrictions
A set of restrictions filed by a sub divider to cover an entire tract or subdivision.
This dictionary contains 6433 terms. |
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