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Real Estate Terms - D

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Dedication

The donation by an owner of private property for public use.

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Deed

A written instrument that, when executed, conveys title of real property.

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Default

Failure to fulfill or discharge an obligation or to perform any act that has been agreed to.

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Defendant

The individual or entity against whom a civil or criminal action is brought.

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Deferred payments

Payments to begin in the future.

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Deflation

Opposite of inflation. The price of goods and services decrease in relation to the money available to buy them.

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