Examlex
Solve the system by elimination.
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Payment
The transfer of money, goods, or services in exchange for goods, services, or both, as part of a transaction.
Conditional Sales Agreement
A sales contract in which the buyer takes possession of the item immediately but does not gain ownership until the full price is paid.
Equity Of Redemption
The equitable right of a mortgagor to acquire the title to the mortgaged property by payment of the debt secured by the mortgage.
Arrears
A state of being behind in fulfilling obligations, such as payments on a loan, rent, or utilities.
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