The legal instrument that pledges a house or other real estate as security for repayment of a loan is called:

Related MCQs

• A legal document between a lender and a borrower whereby the later agrees to certain conditions for the repayment of the sum of money borrowed; is called:
• A bank loan made without collateral security to a private customer for specific purposes is called:
• A financial instrument is called a 'primary security' if ii represents the liability of :
• The fixed interest security issued by governments, banks or other financial institutions is also termed
• The proportion of a sum of money that is paid over a specified time period in payment for its loan is called:
• A loan facility on the customer’s current account at a bank permitting him to withdraw up to a certain agreed limit for an agreed period, is referred to as:
• A loan bearing either no rate of interest or an interest rate which is below the true cost of capital lent is known as:
• A short-term government security paper is called -
• The real capital formation e.g., the production or maintenance of machinary or construction that will produce a stream of goods and services is called
• Legal Tender Money is -