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GLOSSARY
Draw period
The period of time when a borrower may withdraw funds or obtain advances from the available line of credit. The time periods depend on the terms of your loan. At the end of the draw period, the borrow may renew the credit line or be required to pay the outstanding balance in full or in monthly payments.
Drip feed
A drip feed is a series of small investments made over a period of time. Start-up companies can receive drip feeds from investors in lieu of lump sum capital investments. Individual investors can make drip feed investments by contributing $100 per month (for example) to their retirement plans.
Drop
A drop, in investing, is the lowering of a numeric value, usually pertaining to indices, interest rates, and the prices of securities.
Dry rot
A fungus who feeds on lumber causing it to crumble and rot away.
Drywall
Drywall is a construction material used to finish interior walls and ceilings. It's made of gypsum plaster wrapped in a paper coating. Drywall is sold in panels, and can be purchased at any home improvement warehouse.
Dual agency
When a real estate agent or broker represents both the buyer and the seller in a transaction.
Dual apper
Dual apper is a slang term for a mortgage borrower who completes mortgage loan applications with more than one lender. Borrowers do this to keep their options open and protect themselves from last-minute rate and fee changes.
Dual Income, No Kids - DINKS
Dual Income, No Kids, or DINKS, describes a childless household supported by two streams of income. DINKS are significant to producers of high-end, luxury items, because they generally have large discretionary incomes.
Dual index mortgage
A dual index mortgage, or DIM, is a real estate property loan that uses an interest rate index to accrue interest expense, and a wage and salary index to calculate the monthly payment. If the payment doesn't cover the monthly accrued interest, the difference is added into the loan balance. DIMs are not available in the U.S., but they're popular in some Latin American countries.
Dually Employed With Kids - DEWKS
Dually Employed With Kids, or DEWKS, describes a household with children that's supported by two streams of income. DEWKS are an important demographic for companies that provide products and services related to children, such as toys, clothes, learning tools, etc.
Due date
The due date is the date on which a payment must be made. If the required payment isn't made on or before the due date, it's considered past due.
Due on sale clause
An agreement in the loan contract that demands the loan be paid off when the property is sold.
DUNS number
A DUNS number is an nine-digit identifier that's assigned to businesses by Dun & Bradstreet (D&B). D&B collects and maintains information on businesses' credit and payment history, and the DUNS number is used to locate a business' information within D&B's database. DUNS stands for data universal numbering system.
Duplex
Two separate houses under one roof.
Durables
Durables are consumer goods that aren't consumed. Examples include furniture, consumer electronics, kitchen appliances, etc. Food is an example of a non-durable good.