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Real Estate Terms - D

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Dower

The portion of her husband's estate that a wife inherits on his death in the absence of a will.

 

Sat Dec 22 2007
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Down Payment

Cash or other consideration paid toward a purchase by the buyer, as opposed to the amount that is financed.

 

Sat Dec 22 2007
Views: 1

Due-on-sale Clause

A condition written into a financial instrument which gives the lender the right to require immediate repayment of the unpaid balance if the property is sold without consent of the lender.

 

Sat Dec 22 2007
Views: 1


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