Examlex
Why is the MPS such a vital link in the production planning system?
First Mortgage
A primary lien on a property that has precedence over all other claims or liens in the event of default or sale.
Mortgage Assignment
The transfer of a mortgage from one party to another, either for the benefit of changing lenders or selling the debt to another entity.
Reed Bank
A submerged reef in the South China Sea, known for its disputed territorial claims and rich natural resources.
Repossession
The process by which a creditor takes back property or goods from the borrower due to failure to make scheduled payments.
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