Finance & Mortgage
4 terms
DASK (Compulsory Earthquake Insurance)A compulsory policy that covers damages that earthquakes and earthquake-related disasters may cause to dwellings.Declared Value for Fees (Market Value)It is the tax value determined annually by municipalities and constituting the minimum base for title deed transfer fees.Escrow (Secure Title Deed Exchange Account)It is a secure payment system in which the sale price is held in Takasbank or escrow blockage until the moment of title deed transfer.MortgageA registration placed on the land registry of a real property in favor of a creditor to secure an existing or future debt.