 |
A mortgage is defined as a temporary, conditional pledge of property to a creditor as security for performance of an obligation or repayment of debt. It is a sort of transaction of property and money between the borrower and lender, at a condition that property is not sold to others until the repayment for a specified period.
Hits: 0
Category: Finance
Add data: February 29, 2008 07:04:14 AM
URL: http://financemate.co.uk/Mortgage/
|
|