Examlex
The spot price on prune juice is 165.25 cents per pound. The futures price is 168.50. The basis is ________ and the market is a(n) ________ market.
Mortgagor
The borrower in a mortgage agreement who pledges property to the lender as security for the loan.
Mortgagee
The lender or financial institution that provides a loan for the purpose of purchasing a property, holding a lien on the property until the mortgage is repaid.
Foreclosure
The legal process by which a lender takes control of a property, evicts the homeowner, and sells the home after the homeowner fails to make full principal and interest payments on a loan.
Fixed-Rate Mortgages
A type of mortgage in which the interest rate remains constant throughout the term of the loan.
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