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Canadian Financial, Real Estate and Mortgage Glossary

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discount pointDefinition
A sum a borrower pays to a lender to decrease the interest rate of a mortgage. A point equals 1 percent of the loan amount.
discounted cash flow rate of return (DCFROR) — Acronym
disease management (DM)Definition, Important
The process of discussing and agreeing to treatments and care plans for individuals with long-term health care needs.
  ➥  Heath care decisions made to manage a disease.
disease management program (DMP) — Acronym
A reduction in the inflation rate as a result of either government policy or a decline in economic activity.
disposable personal income (DPI) — Acronym
disposition feeDefinition
A fee charged by some lessors at the end of a lease where the customer pays for the privilege of returning the vehicle.
The right of one party to sell real or personal property belonging to another party to pay unpaid or overdue debt.
distressed propertyDefinition
Property that is in poor condition, or whose owner is in poor financial condition.
diversity return on investment (DROI) — Acronym
Distribution of earnings to shareholders. In credit unions, it's the money paid to members for deposits, similar to the interest banks pay to their customers for deposits.
dividend discount model (DDM) — Acronym
division of propertyDefinition
The dividing of marital assets during a divorce.
document needs listDefinition
An inventory of papers a lender needs to underwrite a loan, usually including pay-cheque stubs, bank statements and tax returns.
documentary creditDefinition
Written undertaking by a bank on behalf of an importer authorizing an exporter to draw drafts on the bank up to a specified amount under specific terms and conditions. They are used to facilitate international trade. In the United States these instruments are called commercial letters of credit.
documents on canadian external relations (DCER) — Acronym
A person's permanent residence.
Dominion Bond Rating Service (DBRS) — Company Est.1976, Toronto, Ontario, Canada, Important
Canada’s national investment research agency offering credit ratings on issuers of commercial paper, bonds, long/short term debt, and preferred shares, as well as asset-backed securities.
  ➥  Largest bond rating agency in Canada.
Dominion Lending Centres (DLC) — Company
double net (NN) — Acronym
double-ended deal (DED) — Acronym, Important
An offer to purchase with the same real estate agent acting for the purchaser and the vendor (often a conflict of interest). Higher risk deal cause higher incidences of fraud.
Dow Jones Industrial Average (DJIA) — Acronym
down paymentDefinition
The portion of the purchase price a buyer pays, in cash, at the time the loan originates.
draw mortgage (DM)Definition
A periodic payment made to a construction contractor or subcontractor as work progresses. A draw is part of a construction mortgage.
  ➥  See Progress Advance Mortgage (PAM).
draw periodDefinition
On a line of credit, the draw period is the fixed time when a borrower can make withdrawals from the account. After the draw period expires, the borrower can renew the credit line or may be required to pay the outstanding balance in full, or over time.
dread disease riderDefinition
Insurance that provides a benefit if the policyholder is diagnosed with an illness that is deemed serious or terminal.
dry rotDefinition
A fungal decay that causes lumber to crumble.
Panels of gypsum plaster wrapped in thin cardboard and attached to the house framing to create interior walls.
dual agencyDefinition
When a real-estate agent or broker represents both parties in a transaction.
dual agentDefinition
A real estate agent who acts for both parties in a property sale.
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Index for The Letter 'd'

Page 1: Daily Periodic Rate
Page 2: Deferred Acquisition Costs
Designated Appraiser...
Page 3: Desjardins Financial...
Page 4: Discount Point
Dual Agent
Page 5: Dual Income, No Kids
Dynamic Currency Conversion

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