Enter Zip, City, or County... i.e. orange,NY or 90019
Search Method:    regular time edocs

Resources > Glossary > D

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

0-9  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  
Common Terms 1   Common Terms 2

Death Certificates

Notaries in most states are not permitted to notarize certified copies of Death Certificates. However, it is common to use a certificate called a certified copy by document custodian which requires the signer to...

Debt To Income Ratio

The ratio, expressed as a percentage, which results when a borrower's monthly payment obligation on long-term debts is divided by his/her net effective income in the case of FHA/VA loans, or gross monthly...


The legal document conveying title to a property is a deed. This is sometimes refered to as a title deed. A contract in the administration of a decedent's estate for paying off liabilities.

Deed of Trust

The Deed of Trust is the security instrument in a loan. It gives the lender a claim against the borrower'(s) home if they default on payment. This document is often initialed on all pages. The Deed of Trust is used...


Failure to meet legal obligations in a contract, specifically, the failure to make payments on a mortgage. A violation of a covenant associated with a loan.


Failure to make mortgage payments in a timely manner. Delinquency in a mortgage can lead to foreclosure or reposession. One who fails to do what is required by law or by duty in a minor way.


A sum of money given to bind the sale of real estate. A sum of money given to ensure payment or an advance of funds in the processing of a loan. A sum of money given to protect the lender of rental property from damages.


A Deposition is a sworn testimony of a witness taken before trial and held out of court with no judge there. The witness must taken an Oath preceding the Deposition.


A decline in the value of property; the opposite of appreciation. (accounting) To spread the cost of an asset over the span of several years. Neither depreciation nor amortization will effect the cash flow of a company.

Discount Points

Points that are prepaid interest assesed at closing by the lender.  Each point is equal to one percent of the loan amount. By charging a borrower points, the lender increases the yield on the loan above the amount of the...


A notary public's job includes notarizing signatures on documents. There could be endless variations in the types of documents that a notary could notarize. It is not the notary's responsibility to understand the...

Document Date

It is common for a document to have a document date written within the body of the text. The date of the signing is often different from the document date. If there is a document date, it is good to record that...

Down Payment

The portion of the purchase price of a property that the buyer pays in cash and does not finance with a mortgage. A down payment of at least 20% is necessary to avoid paying PMI private mortgage insurance...


Constraint by threat, or coercion. Any unlawful threat or coercion used. The threat must be of serious bodily harm or death and must be immediate and inescapable. The defendant must have become involved in the situation through....