Examlex
Total utility tends to rise as the level of consumption rises.
Obligations
Legal or financial duties or commitments that an entity is required to fulfill.
Collateral Agreements
Contracts that pledge an asset as security for the repayment of a loan, providing a lender a form of protection against the borrower's default.
Unsecured Debt
Debt that is not backed by any collateral, meaning if the borrower defaults, the lender has no secured asset to claim for repayment.
Mortgage
A loan typically used to purchase property or real estate, where the property itself serves as collateral for the loan.
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