A clause in a mortgage agreement providing that any additional mortgageable property acquired by the borrower after the mortgage is signed will be additional security for the obligation.
Collateral refers to a valuable asset that a borrower offers to a lender as a way to secure a loan. This asset provides security to the lender in the event the borrower defaults on the loan.
A deficiency judgment is a court order stating that a borrower still owes money on a loan when the security or collateral does not fully satisfy the defaulted debt.
A deposit is a sum of money paid upfront for various purposes, such as reserving a purchase, saving in a bank, or as a security in trading.
Espionage is the act of spying or using spies to gather information about the activities of a target, often involving illicit or covert operations. This includes both governmental and corporate levels, where gathering confidential or proprietary information can lead to significant advantages or disadvantages.
A guarantee is a formal promise made by a third party, known as a guarantor, ensuring the fulfillment of contractual obligations if the primary party defaults. This mechanism is often used in financial transactions to mitigate risk.
Understanding Hypothecation: A comprehensive guide to its definitions, applications, and implications in banking, shipping, and tax allocation.
Coverage for actual or attempted robbery of money, securities, or other property within a mercantile (commercial) establishment.
A mortgagor is an individual or entity that borrows money through a mortgage by pledging property as security for the loan.
A Personal Identification Number (PIN) is a numeric password used to authenticate a user to a system, providing an additional layer of security beyond just a username or ID.
Understanding risk-averse investors who prioritize security over potential higher returns.
Security refers to various forms of assurances provided to lenders or measures taken in financial and e-commerce contexts to ensure the integrity, privacy, and authenticity of transactions or assets.
Speculation is the purchase of any property or security with the expectation of obtaining a quick profit as a result of price change, possibly without adequate research. It is often compared to gambling but is different from investment.
