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Mortgage

Discussion in 'Investing Glossary' started by Glossary, 27th Sep, 2006.

  1. Glossary

    Glossary Active Member

    Joined:
    12th Sep, 2006
    Posts:
    25
    Definition:

    A written contract giving the lender certain rights over the specific property; for example, the property being purchased by the borrower, as security for the loan.