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Interest
The charge for borrowing money, typically a percentage of the amount lent.
Guarantor
A party that agrees to be responsible for the debt or obligation of another if the original obligor fails to meet their obligations.
Statute of Frauds
A legal principle that requires certain types of contracts to be executed in writing and signed by the party to be charged.
Deed of Trust
A legal document in some states that involves a borrower, lender, and a trustee, securing a real estate transaction as collateral for a loan.
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