The Difference Between a Mortgage Payable and a Note Payable

question 39

True/False

The difference between a mortgage payable and a note payable is that notes payable are always secured by specific assets.

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Definitions:

Midrange Computer

A class of computers that falls between personal computers and large mainframe systems, designed for small to medium-sized businesses for tasks such as serving web pages or managing databases.

Supercomputer

A highly advanced computing machine with superior processing power for complex tasks and large data computations.

Smart Phones

Mobile phones with advanced computing capabilities, often featuring internet access, applications, and a touchscreen interface.

Virtual Private Networks

Secure networks that use the internet to connect remote sites or users together, encrypting data to protect privacy.