Debt transfer
Moving an outstanding debt, or amount owing, from one credit institution to another.

Deflation
Usually a depressive slowdown in the rise or fall in prices and accompanied by a decline in economic output and a rise in unemployment.

Discounted Rate
The lender agrees to give a fixed discount off the normal variable rate for a guaranteed period of time. The discounted rate will move up and down with the normal variable rate but the payment rate will retain the agreed differential below the variable rate for the agreed period of time. If a discounted rate is taken the lender will normally impose early redemption penalties if the mortgage is repaid within the first few years (see Redemption Penalties ).

Debt consolidation
Borrowers with a number of different loans - usually which are unsecured (not secured on the property) - may find that they can replace these loans with a single loan secured on the property. This can often reduce the borrower's monthly outgoings by paying only one loan which is secured on the property, sometimes over a longer term. As the loan is secured, the interest rate may be considerably lower.

Deed
A deed is a legal document which has been "signed, sealed and delivered" not just signed, but signed and witnessed, with a seal appended and formally handed over. A deed has special significance in law, for example, a conveyance has no force in law unless it is in the form of a deed. Title to both freehold and leasehold property may only be transferred by deed.