Moneycontrol
YOU ARE HERE > Moneycontrol > Property > Glossary

Property

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Mortgage

The conveyance of a legal or equitable interest in freehold or leasehold property as security for a loan and with provision for redemption on repayment of the loan. The lender (mortgagee) has powers of recovery in the event of default by the borrower (mortgagor). A mortgage is a form of land charge and can be either legal or equitable.

Sections
Follow us on
Available On
PCI DSS Compliant