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We buy foreclosure house glossary
- D
Depreciation
It’s an accounting process and a financial term used
for the method of attributing the cost of an asset. Depreciation
for example is a term used for matching principle in accordance
to the accounting principles. It can be regarded as a drop
in value of an item over a particular period of time.
Dealer
Dealer is one who holds real property primarily for sale to
customers, merchandise is inventory and gain on sale is treated
as ordinary income. Dealer is an alternative usage of the
term trader, being generally someone who does trading.
Deed
It’s a formal written statement by which title to real
property is transferred from the owner to another. The deed
ought to hold an accurate description of the property being
conveyed. It should be signed and witnessed according to the
laws of the State where the property is situated, and should
be delivered to the customer at closing day. It encompasses
two parties to a deed: the grantor and the grantee.
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