Mortgagor
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Definition
A Mortgagor is an individual or entity that borrows money to purchase property, securing the loan with the property itself as collateral. In this arrangement, the mortgagor holds ownership of the property but the lender (mortgagee) has the right to take possession if the loan is not repaid according to the agreed terms.
Class Relationships
Parent(s)
- • Borrower
Is Defined By
N/A
See Also
Children 0
- • None
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Additional Information
Metadata
Comment
None
Description
None
Notes
- • None
Editorial Information
History Note
None
Editorial Note
None
Identifier
N/A
Deprecated
No
Source and Origin
No source or origin information available