Examlex
A strategic analysis in a business plan typically includes the following: (four are correct)
Escrow
A legal arrangement in which a third party temporarily holds money, property, or documents until certain conditions are fulfilled.
Real Estate
Property consisting of land or buildings, and the natural resources of the land including uncultivated flora and fauna, farmed crops and livestock, water, and mineral deposits.
Mortgage Debt
The amount of money borrowed to purchase a property, which the borrower is obligated to repay with interest to the lender, typically secured by the property itself.
Equity of Redemption
The right of a borrower to reclaim their property pledged as collateral upon full repayment of the debt prior to foreclosure.
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