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Match Each Item with a Statement Below

question 8

Multiple Choice

Match each item with a statement below:
-system file where passwords may have been written temporarily


Definitions:

Equity of Redemption

The right of a debtor to reclaim property that has been used as collateral after the debt obligation has been fully paid.

Hypothecation

The practice of pledging assets as collateral to secure a loan, without transferring ownership of the collateral.

Legal Title

The formal right of ownership of property, recognized and protected by law.

Forecloses

The legal process by which a lender takes possession of a property when the borrower fails to keep up with mortgage payments.

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