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During Monica's appearance on a popular quiz show,the host asked her to name the capital of Russia,and Monica immediately blanked.She was sure that she knew the answer,but she just couldn't recall it that moment.This illustrates:
Conventional Mortgage
A mortgage that involves no government backing by either insurance or guarantee.
Mortgagor
The party who borrows money and gives a mortgage to the lender or mortgagee as security for the loan.
Collateral
The property that is subject to a security interest.
Assumes Debt
When an individual or entity takes on the legal obligation to pay back a debt originally owed by another party.
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