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Mortgage Debt
A loan secured by property, typically real estate, where the borrower is obliged to make a predetermined series of payments.
Deed of Trust
A legal document where real property is held in trust by a third party as security for a loan until the debt is paid off.
Borrower
An individual, organization or company that receives funds from a lender under the condition of returning the borrowed amount plus interest.
Security
An instrument commonly dealt with in the securities markets or commonly recognized as a medium of investment and evidencing an obligation of an issuer or a share, participation, or other interest in an enterprise.
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