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Real Estate Terms - D

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Depletion

The reduction or loss in value of an asset.

 

Sat Dec 22 2007
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Deposit Receipt

The form used to accept an earnest money deposit to secure the offer for the purchase o real property.

 

Sat Dec 22 2007
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Depreciation

(1) For appraisal purpose, a loss of value of an asset brought about by age (positive deterioration) or functional and economic obsolescence. (2) For tax purposes, a percentage reduction of property value year by year.

 

Sat Dec 22 2007
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Depression

That part of a business cycle where unemployment is high and production and overall purchasing by the public is low. A severe recession.

 

Sat Dec 22 2007
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Diluvium

A deposit of land left by a flood.

 

Sat Dec 22 2007
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Diminishing Returns

An economic condition in which an increase in capital or personnel does not increase production proportionately. (For example, whereas two laborers may do more than twice the work of one laborer, four laborers may do less than four times the work of one laborer.) The return diminishes when production is proportionately less than input.

 

Sat Dec 22 2007
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Divided Interest

Different interest in the same property, as in interests of the owner, lessee, or mortgage.

 

Sat Dec 22 2007
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Documentary Tax Stamps

Stamps affixed to a deed denoting the amount of transfer tax paid.

 

Sat Dec 22 2007
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Domicile

The place where a person has a permanent home.

 

Sat Dec 22 2007
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Double-declining Balance Depreciation

An accelerated method of depreciating an asset in which double the amount of straight-line depreciation is deducted from the remaining value of the asset each year.

 

Sat Dec 22 2007
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