Mortgage

Posted in Finance, Accounting and Economics Terms, Total Reads: 708
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Definition: Mortgage

A mortgage is a debt instrument and can be called as a secured loan in which the money provided is backed by physical assets and the amount of assists in monetary terms is generally more than the amount of money given in return of it.


Mortgages are used by the people for buying the real estate property by not paying the complete up front money and hence taking the loan in spite of that to finance the assets.



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