Answer-What is a mortgage?

Question

What is a

mortgage?

A It is the financial process of pooling various types of contractual debt such as auto loans or credit card debt obligations and selling said consolidated debt as bonds or other securities, to various investors.

B It refers to money held by a third-party on behalf of transacting parties

C It refers to the replacement of an existing debt obligation with another debt obligation under different terms.

D It is a security interest in real property held by a lender as a security for a debt, usually a loan of money.

E None of these

Practice Next

More Economy and Banking and Finance Static Concepts Questions

Heat period of buffalo is:
Pre emergence herbicides are applied by
Which of the following combination is incorrect?
If the Moisture Availability Index (MAI) is more than 0.34 for 1-2 months, then climate will be:
Which variety of mango is suitable for High-Density Planting (HDP)?
The following is not a characteristic of land
In which method of seed sowing, seed is manage to sown at required depth in a

hole?
Persons who expect the prices will go down in future are:
_____is an amber coloured thin layer over the surface of the epidermis which is strengthened by outer polyphenol layer.
Corrugation method of irrigation is suitable for

Relevant for Exams:

SEBI Grade A

What is a

Solution

Relevant for Exams: