Tooltip Categories: Economics & Finance

Multilateral Investment Fund [MIF]

The MIF supports economic growth and poverty reduction in Latin America and the Caribbean through encouraging increased private investment and advancing private sector development. (source:

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mortgaged property

A real property that has been used as collateral for a debt. The mortgage lien remains on the property until the debt is paid. Generally

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mortgagee

The creditor or lender in a mortgage agreement. (source: http://www.investorwords.com/3132/mortgagee.html#ixzz2M8h7CiFu)

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moratorium

A legally authorized period of delay in the performance of a legal obligation or the payment of a debt. (source: http://www.merriam-webster.com/dictionary/moratorium)

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mortgage

A legal agreement that conveys the conditional right of ownership on an asset or property by its owner (the mortgagor) to a lender (the mortgagee)

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mortgage credit

A loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that

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mortgage loan

A loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that

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mortgage term

The amount of time in which the borrower must repay the mortgage loan. (source: http://www.investorwords.com/13581/mortgage_term.html#ixzz2TSyYZchS)

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mortgage-backed security

A type of asset-backed security that is secured by a mortgage or collection of mortgages. Read more: Mortgage-Backed Security – MBS Definition | Investopedia http://www.investopedia.com/terms/m/mbs.asp#ixzz3vjrwoQ00

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mortgage-secured loan

Mortgage loans are one variety of a secured loan. In this type of secured loan, the house itself acts as collateral. If borrowers default on

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