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| DEADLOCK, MORTISE
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Dead bolt, which is installed into an opening, cut in the door. |
| DEADMAN
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Buried mass of concrete or logs, which is used as an anchor for a cable or as a hidden support for a retaining wall. |
| DEBENTURE
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Unsecured long-term debt which has no collateral to back it and is given only to a financially sound borrower with an excellent credit rating. |
| DEBOUCH
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(1) Coming forth from a narrow place into open country. (2) Land coming forth from a valley onto a plain. |
| DEBRIS
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(1) Rough, broken bits of stone, wood, glass, etc. after destruction. (2) A heap of rock fragments. |
| DEBT
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An amount owed from one to another. |
| DEBT FINANCING
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The raising of money by loans and borrowing directly from financial institutions, providing increased financial leverage. Interest may be tax deductible. |
| DEBT LIMIT
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Maximum amount of debt an individual or business can borrow. |
| DEBT RATIO-BACK END
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Monthly mortgage payments and monthly debt payments divided by the gross monthly income. Generally, borrower's total debt should not account for more than 36% of his/her gross income, lenders may use compensating factors to adjust these ratios. One of the qualifying ratios. |
| DEBT RATIO-FRONT END
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Monthly mortgage payment divided by the borrower's gross monthly income. Generally monthly mortgage payments should not account for over 28% of the borrower's gross monthly income, lenders may use compensating factors to adjust these ratios. One of the qualifying ratios. |
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