Deed In Lieu Of Foreclosure

Business / Real Estate / Deed In Lieu Of Foreclosure: Voluntarily signing over to a lender the property pledged as collateral on a defaulted loan. It is an alternative to a foreclosure action. Its main disadvantage to a lender is that the deed does not wipe out junior liens, as a foreclosure action would.

Other Words for Deed

Deed Noun Synonyms: act, action, performance
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Oxidizing Flame

Business / Machine Shop / Oxidizing Flame: An oxyfuel flame in which there is an excess of oxygen, resulting in an oxygen-rich zone extending around and beyond the cone. MORE

Oxygen Minimum Layer

Science / Marine Biology / Oxygen Minimum Layer: A depth zone, usually below the thermocline, in which dissolved oxygen is minimal MORE

Oxytocin

Science / Biology / Oxytocin: A peptide hormone secreted by the posterior pituitary that stimulates the contraction of the uterus during childbirth. MORE

Oxidizing Agent

Science / Chemistry / Oxidizing Agent: A reactant that removing electrons from other reactants in a chemical reaction. Oxidizing agents cause other substances to be oxidized in chemical reactions while they themselves are reduced. For exam MORE

Owners Title Insurance

Business / Real Estate / Owners Title Insurance: An insurance policy protecting the buyer for the amount of the purchase price in the event of a future title dispute. MORE

Overwithholding

Business / Finance / Overwithholding: Deducting and paying too much tax that may be refunded to the taxpayer or applied against the next period's obligation. MORE

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