Examlex
Identify the letter of the choice that best matches the phrase or definition.
-Describes the content and structure of data
Mortgage Holder
The individual or financial institution that lends money to a borrower for the purchase of real estate, holding the property as collateral.
Note Payable
A financial obligation or loan documented by a written promissory note specifying the principal amount, interest rate, and terms of repayment.
Liquidated
Refers to the process of settling debts by selling off assets.
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