Examlex
Which option best fulfills the "P" portion of a PICO question?
Original Mortgagor
is the initial borrower who takes out a mortgage loan secured by the property being mortgaged.
Hypothec
A legal term primarily used in civil law jurisdictions to describe a right or security interest granted over an asset to secure the repayment of a debt without transferring title.
Fee
A payment made to a professional or an organization in exchange for services or advice.
Covenant
A formal, written agreement or promise between two or more parties, often featuring in contracts or real estate transactions.
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