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Down payment
Down payment The portion of a home's purchase price that is paid in cash and is not part of the mortgage loan.
RELATED TERMS--------------------------------------
Mortgage
A legal document pledging property as security for the payment of a loan.
Loan
A sum of borrowed money (principal) that is generally repaid with interest.
SIMILAR TERMS--------------------------------------
Down drain
A drain pipe or similar conduit to allow water to flow from the rain gutter at the edge of the roof to the ground.
Down spouts
A vertical gutter that empties water from the roof to the ground.
DOWNREIT
An organizational structure that makes it possible for REITs to buy properties using partnership units. The effect is the same as an UPREIT, however, the DOWNREIT is subordinate to the REIT itself, hence the name.
Downzoning
A change in zoning from a higher to a lower classification or from a more active to less active classification, such as from residential to conservation, or multifamily to single-family use.
PREVIOUS AND NEXT TERMS--------------------------------------
Double taxation
One of the main disadvantages of corporate ownership of income property is that the profits are subject to double taxation.
Double-hung window
A window that consists of two sashes that slide up and down.
Dovetail joints
Joints that lock two pieces of wood together with meshed teeth.
Dower
The rights of a widow to a portion of her deceased husband's property.
Down drain
A drain pipe or similar conduit to allow water to flow from the rain gutter at the edge of the roof to the ground.
Down payment
Down spouts
A vertical gutter that empties water from the roof to the ground.
DOWNREIT
An organizational structure that makes it possible for REITs to buy properties using partnership units. The effect is the same as an UPREIT, however, the DOWNREIT is subordinate to the REIT itself, hence the name.
Downzoning
A change in zoning from a higher to a lower classification or from a more active to less active classification, such as from residential to conservation, or multifamily to single-family use.
Dragnet clause
A clause in a mortgage or deed of trust which places the real estate as security for existing debts between the parties.
Drainage
A system of gutters and drainpipes that carry water away from the foundation of a house.
This dictionary contains 6433 terms. |
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