Examlex
An online journal maintained by an individual, group, or a business is called a _____.
Acceleration Clause
A clause in a debt instrument (e.g., a mortgage) that requires the payment of the balance of the debt on the happening of a specific event, such as default on an installment payment.
Equitable Mortgage
A mortgage subsequent to the first or legal mortgage. A mortgage of the mortgagor’s equity.
Covenant to Pay
An agreement in a contract where one party promises to pay a specified sum to another.
Original Mortgagor
is the initial borrower who takes out a mortgage loan secured by the property being mortgaged.
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