What Factors Are Creating Higher Than Necessary Levels of Unemployment

question 52

Short Answer

What factors are creating higher than necessary levels of unemployment in Canada?

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Definitions:

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.