Examlex
Describe the five components of an information system using an example.
Upkeep
The maintenance or preservation of condition, requiring ongoing care, repair, or support to ensure proper functioning or appearance.
Equity of Redemption
The right of a mortgagor to reclaim property in the process of foreclosure by paying the debt owed.
Debtor
An individual or entity that owes money to another; the opposite party in these transactions is known as a creditor.
Mortgagor
The borrower in a mortgage agreement, who pledges the property as security for the repayment of the loan.
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