jocelyncarson1234 jocelyncarson1234
  • 01-01-2022
  • Mathematics
contestada

The house in relationship to its mortgage is considered

Respuesta :

rthomas111 rthomas111
  • 01-01-2022

Answer:

collateral

Step-by-step explanation:

The house is collateral for the mortgage loan. Fail to pay the loan, and the collateral is repossessed. In the case of a mortgage this process is called foreclosure.

Answer Link

Otras preguntas

The continental shelf, continental slope, and continental rise combine to form the
why are some animals more likely to survive to adulthood than other animals?
Which statement about classical Greek drama is true? A. Plays were performed in small, indoor venues for aristocratic audiences. B. Actors wore terra cotta mask
What happens before mitosis occurs
Dry ice, or solid carbon dioxide, has the molecular formula CO2. How should you classify it
explain how the following terms are related: element, atom, molecule, chemical bound, compound, mixture, and substance.
Pls help me and don't ignore this: The annual County Carnival is being held this summer and will last 5 and 1/2 days You are the owner of the biggest and newest
what times what equals to 810
By 1914, which European nation had the most powerful navy?
How was the poll tax discriminatory? a. Many minorities were unable to vote. c. It created a fiscal flourish to back all candidates. b. It forced the state to p