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Adjustable-Rate Mortgage
A mortgage loan with an interest rate that can fluctuate over time based on changes in a corresponding financial index that's attached to the loan.
Government Backing
Support or endorsement provided by a government, which can include financial guarantees, subsidies, or other forms of assistance.
Ordinary Course
Actions and transactions that are routine or normal for a particular business or industry, typically excluding extraordinary or unusual activities.
Security Interest
A legal claim or lien on collateral that gives a lender the right to repossession if the borrower defaults on the agreement.
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