Examlex
What is the long run effect of a pay-as-you-go Social Security program on the gross domestic product [GDP] of a country?
Creditor
An entity or person to whom money is owed by another entity or person.
Debtor
A debtor is an individual or entity that owes money to another party, often referred to in the context of lending and borrowing financial transactions.
Real Estate Mortgage
A secured loan where property is used as collateral to ensure repayment of the loan.
Formality
The adherence to established rules or standards, typically in legal or official contexts.
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