Examlex
Organization A is grouping its employees before beginning a training program. The company will group them according to capability. What is this process called?
Right of Redemption
A legal right that allows a borrower to reclaim their property by paying off the full debt after a foreclosure sale.
Repayment
The act of paying back money that was borrowed.
Mortgage
A secured loan where the borrower pledges real estate as collateral to secure repayment to the lender, often used to purchase property.
Security Interest
A legal right granted by a debtor to a creditor over the debtor's property to secure the repayment of a debt or performance of some other obligation.
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