Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• DEFAULT RISK - The risk that an issuer of a bond may be unable to make timely principal and interest pa...
  
  
• DEFAULT, - in finance, default is what occurs when a party is unwilling or unable to pay their debt obl...
  
  
• DEFEASANCE - The setting aside by a borrower of cash or bonds sufficient to service the borrower's debt...
  
  
• DEFEASANCE CLAUSE - A clause in a mortgage which ensures that, once the borrower has met all of her obl...
  
  
• DEFEASED BONDS - . Refunded bonds for which the payment of principal and interest has been assured thro...
  
  
• DEFEASIBLE - Able to be revoked in the case of the occurrence (or non-occurrence) of a certain event or...
  
  
• DEFEASIBLE FEE ESTATE - An estate in which the holder has a fee simple title that may be divested upon ...
  
  
• DEFECT - A condition that materially affects the value or use of residential property in an adverse man...
  
  
• DEFECT OF RECORD - Any encumbrance on a title that is made a part of the public record. Recorded defect...
  
  
• DEFECTIVE TITLE - Ownership of property which is subject to some competing claim.