A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z  

T

Tenancy in Common	Ownership of land by two or more persons: unlike joint tenancy in that the interest of the deceased does not pass to the survivor, but is treated as an asset of the deceased's estate.
Term of Loan	The actual length of time for which the money is borrowed. Anywhere from one month to 25 years. The period for which the mortgage is registered, in months.
Time is of the Essence	Legal phrase in a contract, requiring punctual performance of all obligations.
Title	Rights of ownership, control and possession of property.
Title Insurance	Policy protecting the insured against loss or damage due to defects in the title: The "owner's policy" protects the buyer, the "mortgagee's policy" protects the lender; paid with a one-time premium.
Title Search	Check of the public records, usually at the local courthouse, to make sure that no adverse claims affect the value of the title.
Total Debt Service Ratio (TDS)	Gross debt service plus payments on other debts such as bank loans, finance company loans, credit card payments, alimony, etc. as a function of the gross income of the borrower.
Transfer	To convey from one person or institution to another.
Transfer of Charge	Assignment of a mortgage under the Land Titles System.