secure by a mortgage
11Mortgage — A mortgage is the pledging of a property to a lender as a security for a mortgage loan. While a mortgage in itself is not a debt, it is evidence of a debt. It is a transfer of an interest in land, from the owner to the mortgage lender, on the… …
12mortgage — the transfer of right of ownership of a property from a debtor to a creditor as security for a debt, with the proviso that once the debt is paid ownership is transferred back. Glossary of Business Terms (1) noun A legal instrument that creates a… …
13Mortgage — A loan secured by the collateral of some specified real estate property which obliges the borrower to make a predetermined series of payments. The New York Times Financial Glossary * * * ▪ I. mortgage mort‧gage 1 [ˈmɔːgɪdʒ ǁ ˈmɔːr ] noun… …
14Mortgage note — In the US a mortgage note is a promissory note associated with a specified mortgage loan; it is a written promise to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise. While the mortgage… …
15Secure Option ARM — A type of payment option adjustible rate mortgage with a fixed interest rate period. The mechanics of a secure option arm are very similar to a payment option arm except that it has a fixed interest rate period similar to fixed period or hybrid… …
16secure — se|cure1 [ sı kjur ] verb transitive FORMAL *** 1. ) to get or achieve something important: He secured widespread support among the party s senior members. secure someone s release (=make it possible for someone such as a prisoner to have their… …
17secure — I UK [sɪˈkjʊə(r)] / US [sɪˈkjʊr] verb [transitive] Word forms secure : present tense I/you/we/they secure he/she/it secures present participle securing past tense secured past participle secured formal *** 1) to get or achieve something important …
18mortgage — An interest in property created as a security for a loan or payment of a debt and terminated on payment of the loan or debt. The borrower, who offers the security, is the mortgagor; the lender, who provides the money, is the mortgagee. building… …
19mortgage — An interest in property created as a security for a loan or payment of a debt and terminated on payment of the loan or debt. The borrower, who offers the security, is the mortgagor; the lender, who provides the money, is the mortgagee. Building… …
20secure — To give security; to assure of payment, performance, or indemnity; to guaranty or make certain the payment of a debt or discharge of an obligation. One secures his creditor by giving him a lien, mortgage, pledge, or other security, to be used in… …
