Examlex
Consequentialism is the normative theory according to which actions are right if and only if they have good consequences.
Mortgage Insurance
An insurance policy designed to protect the lender from the risk of the borrower defaulting on a mortgage.
Mortgage Loan
A loan secured by real property through the use of a mortgage note which evidences the existence of the loan and the encumbrance of that realty.
Down Payment
An initial, upfront payment made towards the purchase of a high-value item, like real estate or a vehicle, typically representing a percentage of the total purchase price.
Statute of Frauds
A legal principle that requires certain types of contracts to be written in order to be enforceable.
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