MORTGAGE by Art Golombek ALL0-9ABCDEFGHIJKLMNOPQRSTUVWXYZ An instrument recognized by law by which property is hypothecated to secure the payment of a debt or obligation; a procedure for foreclosure in event of default is established by statute.Related Articles: Glossary: ADJUSTABLE RATE MORTGAGE (ARM)Glossary: ASSIGNMENT OF RENTSGlossary: ASSUMPTION OF MORTGAGEGlossary: BLANKET MORTGAGEGlossary: CARRYBACK LOAN« Back to Glossary Index
