Examlex
In which of the following sedimentary rocks would it be easiest to determine the type of rocks from which the sediment was derived?
Strict Foreclosure
A legal process by which the secured lender obtains the title to the mortgaged property without the sale thereof, when the borrower fails to meet the obligations.
Deficiency
The difference between the amount owed on a loan and the amount recovered from selling the asset securing the loan if the latter is less.
Mortgagor
A mortgagor is an individual or entity who borrows money to purchase property and pledges that property as security for the loan.
Mortgagee's Interest
The financial interest a lender has in the property serving as collateral for a loan until the mortgage is fully repaid.
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