Examlex
Direct social control attempts to manipulate the consciousness of citizens to accept the prevailing ideology.
Collateral
Collateral refers to assets that a borrower offers to a lender to secure a loan. If the borrower defaults, the lender can seize the collateral to recover the loaned amount.
Fixed-Rate Mortgage
A mortgage with an interest rate that remains constant throughout the life of the loan.
Acceleration Clause
A contract provision that allows a lender to require a borrower to repay all of an outstanding loan if certain agreed upon conditions are not met.
Market Value
The price at which an asset would trade in a competitive auction setting, reflecting what a willing buyer would pay a willing seller.
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