Examlex
All of the following ideological types are prevalent in the United States EXCEPT
Mortgage Loan
A loan secured by the collateral of some specified real estate property, which the borrower is obliged to pay back with a predetermined set of payments.
Default
Failure to fulfill a legal obligation or agreement, typically in the context of a loan or contractual payment.
Down Payment
An initial payment made when something is bought on credit, representing a portion of the purchase price.
Purchase Price
The amount of money paid or to be paid by the buyer to acquire ownership of a product or property.
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