Examlex
Where are most restricted databases maintained in each state?
Pledge
A commitment or security interest, especially in the context of a pledge of assets as collateral for a loan.
Deed of Trust
A legal document used in some states that involves a trustor, a trustee, and a lender (beneficiary), outlining the terms of a real estate transaction and placing the property as security for a loan.
Guarantor
A person or entity that agrees to be responsible for another's debt or obligations if the original party fails to meet their commitments.
Surety
A person or entity that takes responsibility for another's performance of an obligation, such as repaying a loan, or for the accuracy of a statement.
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