In a Second or Third Mortgage,it Is the Right to Redeem

question 34

True/False

In a second or third mortgage,it is the right to redeem that is mortgaged or transferred as security.

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Definitions:

Variable Pitch

Referring to the capability of adjusting the angle or pitch of blades in fans, propellers, or turbines to control performance.

Impeller

The driving member of a torque converter torus; the impeller is mechanically connected to the engine crankshaft and should rotate at the same speed.