Examlex
Swing joints should be used on high-pressure lines to accommodate expansion.
Development Mortgage
A loan specifically intended to finance the development of real estate, such as the construction of residential or commercial buildings.
Legal Mortgage
A first mortgage of real property whereby the owner of land in fee simple transfers the title of the property pledged as security to the creditor on the condition that the title will be reconveyed when the debt is paid.
First Mortgage
A primary mortgage on a property that has precedence over all other mortgages or liens.
Charge
A secured claim (similar to a mortgage) registered against real property under the Land Titles System.
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