HOME ABOUT CONTACT FEES F. A. Q. GLOSSARY ACRONYMS LAWS LINKS Like any industry, real estate has its own jargon. Some of the terms are peculiar to the Philippines. And a lot of the words may be already familiar to you, but will have a slightly different meaning or emphasis when used by real estate professionals.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z DAMAGES The amount of money decided by the law of court to be recoverable by a person who has been wronged or has sustained injury whether in his person, property or relative rights, through the act or default of another who is made to pay such amount. DEED A written instrument for the transfer of real estate, used as an evidence of title to real estate. It must be signed, sealed and delivered. DEFAULT The failure to fulfill a duty or promise, or to discharge an obligation; The omission or failure to perform any act. DEFEASANCE CLAUSE An instrument which defeats the force of some other instrument, such as mortgage, etc. DEFICIENCY The difference between the sales price or market value of real estate and the amount of indebtedness being sued for in a foreclosure sale, where the debt is larger than the sales price. DEVISE A gift or real estate by a will. DIRECTIONAL GROWTH The direction toward which the residential sections of a city are destined or determined to grow. DOWER The right a wife has in her husband's real estate. DUPLEX A two-family house each having two stories side by side.