Number of deaths in a given area in a given time. Based on a per 100 or per 1000 population.

Unsecured indebtedness, usually long-term. Most common debentures are in the form of bonds.

See: Debenture.

See: Debenture .

An accounting term used to designate a payment or owing, as opposed to a credit which is a receiving or being owed.

Money owing from one person to another.

The ratio of the mortgage balance to the owner’s equity.

Borrowing money rather than selling ownership interests (equity financing). For example: A corporation would get a loan or issue bonds as a means of debt financing. The corporation would issue stock or use retained earnings as a means of equity financing.

The ratio, expressed as a percentage, of a borrower’s monthly expenses to gross monthly income. There are two ratios. The first is the expense of the property to income. This includes the mortgage payment, taxes and insurance. The second is the total expense to income. This includes car payments, credit card payments, etc. Acceptable numbers for almost any loan would be 25% property expense to income and 35% total expense to income. The percentages may be much higher, especially for a hard money mortgage.

(1) The periodic payment of mortgages or trust deeds on a specific property. (2) The interest payments of said mortgages or trust deeds. (3) Sometimes loosely used for the total amount owing on said mortgages or trust deeds.

See: Debt Ratio.

One who owes a debt.

Value of property over the amount of mortgages. Commonly called the equity.

Originally, one who was dying. Modernly, one who is dead.

The movement of people and businesses from a central area (a city or downtown area) to more scattered positions (surrounding suburbs).

A unit of measurement for sound or noise levels. Some states require a builder to make a purchaser aware of the noise level in given areas (usually near airports).

Those which shed their leaves or fruit at seasonal intervals.

Any flat surface which resembles the deck of a ship, and is not enclosed. A flat area on a roof, roof of a porch, etc.

An exterior paint having a high resistance to wear, and used in areas of heavy use, such as a porch.

A flat roof without parapets.

See: Declaration of Restrictions; Restriction; Condo-minium Map.