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Refer to the exhibit. Which two statements are true? (Choose two.)
Mortgage
A secured loan agreement where the borrower pledges real property to the lender as collateral for the loan, which becomes void upon payment in full.
Negotiability
The characteristic of an instrument (like a check or promissory note) that allows it to be transferred from one person to another in a manner that conveys the instrument's benefits to the transferee.
Issuance
The process of officially issuing something, such as a document like a permit or license, or securities like bonds or stocks.
Indorsements
Signatures or stamps placed on a negotiable instrument, such as a check or promissory note, that specify the terms of its transfer or conditions of use.
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