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What do the initials ACPE mean?
Balloon-Payment Mortgage
A balloon-payment mortgage is a type of loan that features low initial payments but ends with a large lump-sum payment due at the end of the mortgage term.
Fixed Payments
Regular, equal amounts paid over a specified period until the total amount of debt is paid off.
Security Agreement
A legal document that provides a lender a security interest in a specific asset or property pledged as collateral.
Secured Goods
Items that are used as collateral for a loan or are subject to a security interest, ensuring the fulfillment of an obligation.
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