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A Mortgage Is a Loan to Fund the Purchase of a House

question 21

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A mortgage is a loan to fund the purchase of a house, in which the lender takes security over the house in the form of a legal document known as a mortgage.


Definitions:

Milk Runs

A delivery method in which a single vehicle collects goods from several suppliers in a single trip, improving efficiency and reducing transportation costs.

Supplier

A business or individual that provides goods or services to another entity, playing a crucial role in the supply chain.

Mumbai Railway

The urban railway system in Mumbai, India, which is one of the busiest commuter rail systems in the world.

Transportation

The movement of goods and people from one location to another using various modes such as trucks, trains, ships, and airplanes.

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