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Mortgage
A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Real Property
Land, buildings, and anything permanently attached to them, recognized as real estate or immovable property.
Credit Cards
Financial tools issued by banks that allow users to borrow money up to a certain limit to purchase items or withdraw cash.
Collateral
An asset pledged as security for repayment of a loan, to be forfeited in the event of a default.
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