Examlex
Phylicia married Jordan because he has the same cultural background, has a similar education, and shares her religious beliefs. This marriage is an example of
Market Value
The price at which an asset would trade in a competitive auction setting, reflecting what a willing buyer would pay a willing seller.
Mortgage
A loan in which property or real estate is used as collateral. The borrower agrees to pay back the loan, with interest, over a set period of time.
Co-Sureties
Multiple parties who join together to provide surety or a guarantee for the performance or obligations of another.
Right of Contribution
The legal right of a party to reclaim a portion of damages or losses from another party who is jointly liable.
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