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GLOSSARY

 GLOSSARY TERMS by Alpha
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Debt
Debt Service Reserve
Debt-to-Income Ratio
Deed
Deed of trust
Deed-in-lieu
Default
Deferment
Deferred interest
Delinquency
Department of Veterans Affairs (VA)
Depreciation
Direct Loan Servicing Center
Disbursement
Discharge
Disclosure statement
Discount point
Discount Point
Down payment
Due Diligence
Due-on-sale clause

Debt

AN amount owed for funds borrowed.  The debt may be owed to an organization's own reserves, individuals, banks, or other institutions.  Generally, the debt is secured by a note, bond, mortgage, or other instrument that states repayment and interest provisions.  The note, in turn, may be secured by a lien against property or other assets.

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