Mortgage

Category : Business And Society UK

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Hits : 239

Date added: 29.2.2008

Last Update : 2008-02-29 07:45:00

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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.

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Date added: 2008-02-29 03:43:05 Hits: 239

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