When a piece of property arrives at the destination in a condition different from pick-up.
Date of Entry
The date on which proper documentation is presented by the consignee to the Canadian or U.S. Customs Service for release of cargo.
Date of Importation
The date on which cargo is available to the consignee for the purposes of filing entry for release with the Canadian or U.S. Customs Service.
Date of Origination
The beginning date of a loan process.
Decreasing Returns, Law of
When property improvements no longer bring a coinciding increase in property value.
A document that transfers the title of a property from the seller to the buyer upon sale of the property.
The transfer of a title to a third-party, who holds the title until the mortgage is paid. Upon payment, the title is transferred to the borrower. If no payment, the third-party may sell the property to pay the debt. Also called Trust Deed.
Deed of Release
The release of a parcel of land from the lien of a mortgage covering several parcels resulting from payment and satisfaction of the mortgage. Also called Release of Lien.
Statements listed in a deed that limit and control the use of a property. These restrictions may involve the actual use of the property or the types of structures allowed on it.
The failure to meet the terms of a contract.
Defect of Record
A burden on a title listed in public record. Defects can be easements, judgments and mortgages.
The difference between the mortgage meant to be paid and the amount at foreclosure.
A claim filed for expenses incurred as a result of a late pick-up or delivery, usually for motel and meal expenses.
A past-due payment of a financial obligation.
Delivery Date (DD or DEL)
The actual date on which the goods were released to the customer or consignee.
Permission issued by the consignee to the ocean/air carrier for release of cargo to an inland carrier. It should include all data necessary for identification of the cargo.
Delivery Receipt (DR)
A document which evidences delivery of a shipment. Same as POD.
A charge to the customer for keeping a container, trailer or railcar beyond a specific length of time. Demurrage is mostly used relative to railroads, as opposed to detention, which is more commonly utilized relative to the trucking industry. See Detention and Free-Time.
The ratio of an item's weight to its volume.
Money paid by the buyer to the seller that secures the contract and protects the seller from breach of contract. This often is called a security deposit with regards to landlords and tenants. See Earnest Money.
The reproduction or replacement cost of a building, less depreciation to the time of appraisal.
A decrease in value of a property. See Appreciation.
A guide showing the average life span of an item and its estimated depreciation each year.
The final point of delivery of the goods as specified by the customer.
Destination Agent (DA)
The destination contact for the customer. This also is the agent who, if shipment is going into storage, is the authorized receiving agent.
Services performed upon arrival of shipment at destination.
A charge to the customer for keeping a container beyond a certain time limit. See Demurrage and Free-Time.
Direct Reduction Loan
The principal of this mortgage decreases through monthly payments that, in turn, increase to pay taxes, interest and insurance when due.
Estimating the value of a property through a comparison of recent sale prices of similar properties, after an adjustment of time, financing, seller concessions and differences in the properties. This appraisal approach is mostly used by real estate brokers. Also called Competitive Market Analysis or Market Data Approach.
A company's offer through a third-party relocation firm to purchase an employee's home. The offer may or may not reflect the home's fair market value. It often is more than the selling price of the home and is used to encourage an employee to transfer.
Disassembled by Owner (DBO)
Items are disassembled by owner rather than by Matco Moving Solutions.
Coordinates the movement of shipments from origin to destination.
Assumes the task of communicating the route of a shipment to van operators and agents, making sure that instructions are carried out accordingly.
Disposition of Present Home
The activities and expenses experienced in making the necessary arrangements to sell a house or to break a lease agreement.
A change in the destination of a shipment while it is en route and prior to arrival at the original destination on the bill of lading.
An elevated section of a building that is level with a van for ease of loading and unloading.
Receipt issued by an ocean carrier or its agent for merchandise delivered at a dock or warehouse awaiting shipment.
A charge for preparation of legal documents such as a mortgage or deed.
A small platform on rollers or wheels used to handle freight.
A shipment moving within Canada.
The service from origin residence to destination residence, exclusive of any storage in transit, customs duties, taxes, warehouse handling, etc.
The service from origin residence to free arrival of the vessel/aircraft at the destination city, exclusive of any storage in transit, customs duties, taxes, warehouse handling, any charges incurred once the vessel/aircraft has arrived, etc.
A strategy used to get a higher loan whereby the buyer and seller have a second contract between them at a lesser amount than the original contract. This usually occurs if the buyer does not have enough money for a proper down payment.
An amount paid toward the purchase of property.
Moving freight within a city.
The person who performs drayage. Also called Cartman.
Material other than packaging used to prevent damage to freight or to support it in shipment.
A single structure designed to accommodate two families.
Duplicate Carrying Charges
The costs a buyer incurs after purchasing a new home before the present home is sold.
A tax imposed on the importation or exportation of goods by the federal, provincial or local government.