Examlex

Solved

An Online Journal Maintained by an Individual, Group, or a Business

question 21

Multiple Choice

An online journal maintained by an individual, group, or a business is called a _____.


Definitions:

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.

Related Questions