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meaning of Mortgage



 
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meaning of Mortgage #1 (permalink) Wed Feb 28, 2007 5:46 am   meaning of Mortgage
 

Business English Lesson, Advanced Level

ESL/EFL Test #210 "Mortgage Law", question 1

A mortgage involves the transfer of an interest in land as security for a loan or other ..........

(a) demand
(b) obligation
(c) purchase
(d) responsibility

Business English Lesson, Advanced Level

ESL/EFL Test #210 "Mortgage Law", answer 1

A mortgage involves the transfer of an interest in land as security for a loan or other obligation.

Correct answer: (b) obligation

Your answer was: correct
_________________________

Dear Sir,
It would be appreciated if you could tell the definition of Mortgage.

thanks
rother
rother
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meaning of Mortgage #2 (permalink) Wed Feb 28, 2007 6:22 am   meaning of Mortgage
 

.
MORTGAGE
.
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