The description of the condominium units and the common areas and any restrictions on their use is established in a document commonly called a Master Deed (also known as the Enabling Declaration, the Declaration of Conditions, or the Condominium Document).
Princeton's WordNet (2.00 / 1 vote) Rate this definition: delta (noun). a low triangular area of alluvial deposits where a river divides before entering a larger body of water. the Mississippi River delta; the Nile delta. delta (noun). an object shaped like an equilateral triangle. delta (noun).
Definition: Delta is used with respect to options: The rate of change of a financial derivative's price with respect to changes in the price of the underlying asset. Formally this is a partial derivative.