Archives: Glossary

DISTRICT

An area geographically set apart for a specific purpose, such as a congressional district or drainage district. The boundaries of one may overlap the other.

DITCH

A trench, natural or man made, especially when used for drainage or irrigation.

DIVEST

To take away. The opposite of invest.

DIVIDED INTEREST

Different estates in the same property, such as the interest of owner, lessee, mortgagee, etc.

DIVIDEND

A dividing into shares of a fund of money or property for distribution, as among shareholders of a corporation. The money or property distributed is the dividend.

DIVIDEND YIELD

Ratio of cash flow to cash invested, expressed as a percentage.

DIVISA

A boundary, commonly of a farm. Seldom used.

DIVISION FENCE

A term used in ranching to describe the fence separating pastures.

DIVISION WALL

(1)A wall between two buildings, but not a part of either. (2) A wall which divides a building into rooms. Differs from a partition in that it is load-bearing.

DIVORCE

The legal dissolution of a marriage, leaving the parties with the results of the marriage (includes alimony, child support, property settlements, etc.) rather than an annulment which puts the parties in the position they were before the marriage.

DOCK

(1) A platform used for loading and unloading ships, trucks, or railroad cars. (2) A landing pier for boats. (3) The part of a courtroom where a prisoner is kept.

DOCUMENTARY TAX STAMPS

Stamps, similar to postage stamps, affixed to a deed, showing the amount of transfer tax paid. Most states now “stamp” the deed rather than actually affixing a stamp.

DOCUMENTARY TRANSFER TAX

A state tax on the sale of real property, based on the sale price or equity transferred, being $ .55 for each $500 of the taxable amount in most states. Some states use $1.10 per $1000; $ .50 per $500; $1.00 per $1000.

DOG

A mechanical device for holding logs together in a logging operation; usually has some type of claw which penetrates the wood.

DOLPHIN

(1) A bumper around a boat to prevent damage. (2) A buoy with a ring for mooring.

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