Examlex
Which of the following is based upon the same logical conventions as the Elaboration Model?
Mortgagor
The party who borrows money and gives a mortgage to the lender or mortgagee as security for the loan.
Collateral
The property that is subject to a security interest.
Assumes Debt
When an individual or entity takes on the legal obligation to pay back a debt originally owed by another party.
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