Examlex
Application software cannot be run on computer hardware without systems software.
Mortgagor
The borrower in a mortgage agreement, who pledges property to a lender as security for the loan being taken.
Mortgagee
The lender in a mortgage agreement, typically a bank or financial institution, that holds the property as security for the repayment of the loan.
Equitable Mortgage
A type of mortgage recognized by a court based on the borrower's intent and the lender's interest, even though the formal legal requirements of a mortgage are not met.
Enforceable
Refers to a rule, policy, or agreement that is legally binding and can be upheld or imposed by law.
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