D

Debt Ratio
The amount of debt or payments one must pay in relation to the income earned. May be calculated based on the current monthly debt divided by gross monthly income.

Deed
The actual document that proves ownership of a specific property (i.e., real estate). The deed lists the owner(s) of the property.

Delinquency
A loan payment that is overdue but within the period allowed before actual default is declared; failure to pay an obligation when due.

Delinquent mortgage
A mortgage involving a borrower who is behind on payments. If the borrower cannot bring the payments current within a specified number of days and terms, foreclosure could occur as a last resort.

Disbursement
The payoff amount(s) for a loan, payable to specific lending companies to pay off the open debt(s).

Disposable Income
A term referring to all income remaining after all necessary expenses are paid, such as mortgage, car payment, insurance, etc.