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You are consulting for the information technology division of a state university to guide and facilitate the design of a new system for handling college applications,which has previously been handled entirely with a paper-based process.They would like to set up a system by which prospective students can apply online.Describe in detail their first steps and any studies they should perform before designing the new information system.
Mortgagor
The borrower in a mortgage agreement, who pledges the property as security for the repayment of the loan.
Mortgagee
The lender in a mortgage agreement, typically a bank or financial institution, that has the legal rights to the property as security for the loan provided.
Further Loan
Additional borrowing extended on top of an existing loan, often to supplement initial financing.
Commercial Tenancy
An arrangement where a business leases or rents commercial property from a landlord for use as business premises.
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