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While auditioning for a play,Theodore insisted that he will audition either first or last.He believes that there are greater chances of him making a lasting impression if he is either first or last.In this scenario,Theodore is adhering to the
Debtor
An individual or organization that owes money to another party, typically as a result of being lent a sum of money or extended credit.
Default
Failure to pay a debt when it is due.
Mortgage
A legal agreement by which a bank, building society, etc. lends money at interest in exchange for taking title of the debtor's property, with the condition that the conveyance of title becomes void upon the payment of the debt.
Real Property
Land, buildings, and anything permanently attached to them, recognized as real estate or immovable property.
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