Dictionary

Definition: Earnest money or some other valuable consideration given as proof of good faith to go along with an offer to purchase or rent.  See also binder and earnest money. Pronunciation: \di-ˈpä...

Definition: Guarantees mortgage loans to encourage private lending agencies to give liberal mortgages to veterans and their spouses. Pronunciation: Used in a Sentence:  Because of his military back...

Definition: The average number of units or dwellings per acre. Pronunciation:  \ˈden(t)-sə-tē\ Used in a Sentence:   The area had a housing density of 10 houses per acre.

Definition: A refusal or rejection. Pronunciation:  \di-ˈnī(-ə)l\ Used in a Sentence:  She issued a flat denial of the charges made against her.

Definition: Checking accounts; payable on demand by holder. Pronunciation: \di-ˈmand\ Used in a Sentence:  I had my funds in a demand deposit account so I could access them easily.

Definition:  The quantity of a commodity or service wanted at a specified price and time. Pronunciation:  \di-ˈmand\ Used in a Sentence:   The high demand for mid-priced homes created a shortage of...

Definition:  Judgement brought when a mortgage is foreclosed and the sale proceeds fail to cover the costs of the sale, taxes, and the unpaid mortgage balance. Pronunciation:  \di-ˈfi-shən-sē\ \di-...

Definition: A person who is being sued or accused of a crime in a court of law. Pronunciation:   \di-ˈfen-dənt\ Used in a Sentence:   The jury believed the defendant was innocent.

Definition: A provision in a mortgage that specifies the terms and conditions to be met in order to avoid default and thereby defeat the mortgage. Pronunciation:  \di-ˈfē-zən(t)s\  \ˈklȯz\ Used in...