what is d meaning of mortgaged land?
SimranPanda:
hii
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Step-by-step explanation:
A legal agreement that conveys the conditional right of ownership on an asset or property by its owner (the mortgagor) to a lender (the mortgagee) as security for a loan. Virtually any legally owned property can be mortgaged, although real property (land and buildings) are the most common.
Answered by
8
Hey dude,
A legal agreement that conveys the conditional right of ownership on an asset or property by its owner (the mortgagor) to a lender (the mortgagee) as security for a loan. Virtually any legally owned property can be mortgaged, although real property (land and buildings) are the most common.
@DevanKey02
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