|
DAMAGES |
The indemnity recoverable by a person who
has sustained an injury either in his person, property, or
relative rights through the act or default of another. |
| DEED
|
A written instrument which, when properly
executed and delivered conveys title. |
|
DEFAULT |
The failure to fulfill a duty or promise or
to discharge an obligation: an omission or failure to perform
any act. |
|
DEFEASANCE CLAUSE |
The clause in a mortgage that gives the
mortgagor the right to redeem his property upon the payment of
his obligations to the mortgagee. |
|
DEFICIENCY JUDGMENT |
A judgment given when the security pledge
for a loan does not satisfy the debt upon its default. |
|
DEPRECIATION |
The loss of value in real property brought
about by age, physical deterioration for functional or
economic obsolescence. Broadly, a loss in value from any
cause. |
|
DEVISOR |
One who receives a bequest made by a will.
|
|
DIRECTIONAL GROWTH |
The location or direction toward which the
residential sections of a city are destined or determined to
grow. |