DATEDOWN ADDENDUM >> An update to the Preliminary Title Report/Title Commitment that reflects any changes to title since the original title report was prepared.

DEBT CONSOLIDATION LOAN >> A loan that combines debt obligations into one debt.

DEBT LOAD >> The total amount of debt a customer currently owes.

DEBT RATIO (DR) >> The percentage of the customers’ gross monthly income allocated to pay the monthly installments on their debt owing.

DEBTOR >> One who owes debt.

DEED >> A written instrument by which a property owner, the “grantor,” conveys and transfers to a “grantee” an ownership interest in real property.

DEED IN LIEU >> A deed given by a mortgagor to a mortgagee to satisfy a debt and avoid foreclosure.