Glossary of Terms

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GDS RATIO
Gross Debt Service Ratio. Lender's allowable ratio of gross monthly payment to gross monthly income of mortgage applicant.
GRANT
A technical term used in deeds of conveyance to indicate a transfer of an interest or estate in land.
GRANTEE
The party to whom an interest in real property is conveyed.
GRANTOR
The party who conveys an interest in real property by deed.
GUTTER
An eavestrough used to convey rainwater from the roof to the downspout.