What Is the Definition of the Following Term

question 102

Short Answer

What is the definition of the following term:
-ema:

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Definitions:

Mortgage

A loan specifically for purchasing real estate, where the property itself is used as collateral against the debt.

Collateral

An asset pledged by a borrower to secure a loan or credit, which can be seized by the lender if the loan is not repaid.

Interest-free

Financial arrangements or loans that do not require the borrower to pay any extra amount over the principal borrowed amount.