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mortgage
mortgage in law, device for protecting a creditor by giving him an interest in property of his debtor. In common law a mortgage was a conditional sale; i.e., the mortgagor (debtor) sold realty (real property mortgage) or personal property (chattel mortgage), but if the debtor paid the debt by a...
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collateral
collateral , something of value given or pledged as security for payment of a loan. Collateral consists usually of financial instruments, such as stocks, bonds, and negotiable paper, rather than physical goods, although the latter may also be accepted as such. In case of default, the creditor may se...
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securities
securities in finance, instruments giving to their legal holders rights to money or other property. Securities include stocks, bonds, notes, mortgages, bills of lading, and bills of exchange. See speculation and stock exchange .
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Home Owners' Loan Corporation
Home Owners' Loan Corporation (HOLC), former U.S. government agency established in 1933 to help stabilize real estate that had depreciated during the depression and to refinance the urban mortgage debt. It granted long-term mortgage loans to some 1 million homeowners facing loss of their property. ...
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debenture
debenture , document acknowledging indebtedness. In Great Britain a debenture is practically the same as a bond , and debenture stock is similar to preferred stock. In the United States the term is usually employed for a corporation certificate without special security, such as a mortgage, to back ...
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chattel
chattel , in law, any property other than a freehold estate in land (see tenure ). A chattel is treated as personal property rather than real property regardless of whether it is movable or immovable (see property ). Certain uses of the term (e.g., chattel mortgage) refer only to movable property....
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Contarini
Contarini , ancient Venetian family, including eight doges, a cardinal, and several artists. The most celebrated member was Andrea Contarini, 1300?-1382. He was doge (1368-82) at the time of the War of Chioggia between Venice and Genoa; he proved his patriotism by melting his gold and silver pla...
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United States Department of Housing and Urban Development
United States Department of Housing and Urban Development (HUD), established 1965 to coordinate and administer programs that provide assistance for housing and community development. The department assists in finding solutions to the problems of housing and urban development through state, local, o...
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title
title in law, the means by which the owner has just and legal possession of his or her property. It is distinct from the document (e.g., a deed) that is evidence of the title. Title can be lost or acquired only by the methods established by law, that is, by inheritance or by purchase. Several perso...
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United States Department of Veterans Affairs
United States Department of Veterans Affairs federal executive department established to operate programs to benefit veterans and their families. The department was established in 1989; its predecessor was an independent agency, the Veterans Administration, which had been created in 1930. The depar...
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