Most People Understand That a Mortgage Involves the ________ Borrowing

question 44

Multiple Choice

Most people understand that a mortgage involves the ________ borrowing money and giving the creditor a claim against their property (land and buildings) as added security in the event of a default.

• A) mortgagee
• B) court
• C) debtor
• D) tenant
• E) principal

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Definitions:

Prejudice

Preconceived opinion or bias against an individual or group based on their characteristics, without any factual basis.

Recent Immigrants

Individuals who have moved to a new country from their place of origin relatively shortly before the current time, often seeking better opportunities or fleeing from adverse conditions.

Latin American

Pertaining to the regions of America in which Spanish, Portuguese, or French are spoken, primarily referring to countries in Central and South America.

Eastern Europe

A geographical and cultural region in Europe, broadly defined by its location east of Western Europe.