chAPTER 14-1 Flashcards

1
Q

PLEDGING PROPERTY AS COLLATERAL FOR A LOAN THROUGH A MORTGAGE OR DEED OF TRUST

A

HYPOTHECATE

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2
Q

THE PLEDGING OF REAL PROPERTY AS COLLATERAL FOR A LOAN, USUALLY THROUGH A MORTGAGE OR DEED OF DEED OF TRUST

A

HYPOTHECATION

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3
Q

WHEN A PERSON DIES WITHOUT A WILL, PROPERTY WILL PASS TO HEIRS ACCORDING TO STATE LAW

A

INTESTATE

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4
Q

A CHARGE OR CLAIM AGAINST A PROPERTY TO TO ENFORCE A DEBT

A

LIEN

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5
Q

ONE-THOUSANDTH OF ONE DOLLAR, 15 MILLS=$.015, USED TO CALCULATE REAL ESTATE TAXES

A

MILL

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6
Q

AN AGREEMENT BETWEEN THE BORROWER AND LENDER THAT PROVIDES SECURITY FOR A DEBT, A TWO PARTY AGREEMENT

A

MORTGAGE

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7
Q

THE LENDER WHO RECEIVES THE MORTGAGE

A

MORTGAGEE

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8
Q

THE BORROWER, WHO GIVES THE MORTGAGE

A

MORTGAGOR

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9
Q

A DOCUMENT INDICATING THE DEBT HAS BEEN PAID, ALSO CALLED A RELEASE

A

SATISFACTION

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10
Q

THE PERSON WHO CREATES A TRUST

A

TRUSTOR

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11
Q

CHARGING MORE INTEREST THAN IS ALLOWED BY LAW, LENDER/CREDITOR OR NON-LENDER/CREDITOR

A

USURY

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