Dictionary

Definition: Failure to comply with the terms of an agreement or to meet an obligation when due. Pronunciation: \di-ˈfȯlt, dē-; ˈdē-ˌfȯlt\ Used in a Sentence:  The borrower has made no payments an...

Definition: Stipulation placed in deeds to control future uses of the property. Pronunciation:  \ˈdēd\ \ri-ˈstrik-shəns\ Used in a Sentence:   The deed restrictions prohibit home-owners from placin...

Definition: A friendly foreclosure (non-judicial process) in which the mortgagor gives title to the mortgagee. Pronunciation: \ˈdēd\ \ˈlü\ \ˈfȯr -ˈklō-zhər\ Used in a Sentence:    When the propert...

Definition: A type of conveyance; a written instrument to transfer title to real property from one party to another. Pronunciation:   \ˈdēd\ Used in a Sentence:   Once the sale was complete, the de...

Definition:  An offer of land for some public use, by an owner, together with acceptance by or on behalf of the public. Pronunciation:  \ˌde-di-ˈkā-shən\ Used in a Sentence:    The new park was mad...

Definition: A course of action declaring rights claimed under a contract or statute intended to prevent loss or to guide performance by the party or parties affected. Pronunciation:    \di-ˈkler -ə...

Definition: The legal document that the developer of a condominium must file and record in order to establish a condominium under state law. Pronunciation: \ˌde-klə-ˈrā-shən\  \ˌkän-də-ˈmi-nē-əm\ U...

Definition:   A dead person. Pronunciation:   \di-ˈsē-dənt\ Used in a Sentence:   There is a tax on the estate of the decedent.

Definition: As a verb, to make an entry on the left of charge side of an account; as a noun, a charge or expense. Pronunciation:  \ˈde-bət\ Used in a Sentence:  The purchase price of the property i...