The Difference Between Mortgages Payable and Notes Payable Is That

question 137

True/False

The difference between mortgages payable and notes payable is that notes payable are always secured by specific assets.

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Definitions:

Cramp

A sudden, involuntary muscle contraction that is often painful, commonly affecting the legs and feet.

Muscular Dystrophy

A group of genetic disorders characterized by progressive weakness and degeneration of skeletal muscles over time.

Progressive

Pertaining to a concept, disease, or condition that advances in severity or unfolds over time.

Weakness

Weakness refers to a lack of physical or muscle strength and the feeling of requiring more effort to move your limbs or perform tasks.