Examlex
Over the centuries, judges have developed a body of rules and principles of interpretation called ___________ law that are not grounded in specific statutes.
Statute
A written law passed by a legislative body, governing society and establishing rules that constituents must follow.
Foreclosure
The legal process by which a lender takes control of a property used as collateral for a loan that has not been repaid according to the terms of the mortgage or deed of trust.
Mortgagor
The owner of the property that has been mortgaged or pledged as security for a debt.
Secured Credit
A loan or credit extended where the borrower pledges some asset as collateral for the loan, providing the lender a measure of protection against the borrower's default.
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