Tooltip Categories: Economics & Finance

mortgagor

The borrower in a mortgage agreement. (source: http://www.investorwords.com/3146/mortgagor.html#ixzz2M8hapZbk)

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movable asset

Movable property is property that can be moved from one place to another. The term “movables” is also sometimes used. It includes personal items such

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multinational corporation [MNC]

An enterprise operating in several countries but managed from one (home) country. (Read more: http://www.businessdictionary.com/definition/multinational-corporation-MNC.html#ixzz2YA8mRvtY)

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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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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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