KEY TERMS

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There are currently 4 terms in this directory beginning with the letter D.
D
Deed
A written document by which the ownership of land is transferred from one person to another.
Deed of Trust
An instrument used in many states in place of a mortgage. Property is transferred to a trustee by the trustor (borrower), in favor of the beneficiary (lender) and reconveyed (satisfied) upon payment in full.
Devise
The disposition of real property by will.
Due-on-Sale Clause
Provision in a mortgage or deed of trust which requires loan to be paid in full if property is sold or transferred.