A mortgage (of griech.: "Pledge ") is a limited, material right at a property. It permits to satisfy itself it the mortgage creditor from property by its utilization. The mortgage ranks thereby among the mortgage liens. In the banking the mortgage is used as safety device for credits. Colloquially therefore frequently not only the mortgage lien, but also the associated loan are called mortgage.
In the transferred sense the word mortgage is likewise used as synonym for a special load. Thus for example the crimes applied in the time of the national socialism as heavy mortgage to the young Federal Republic of Germany in the post-war period.
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M» Market weighing function» Material interest » Mathematics of finance » Mezzanine capital » Modigliani Miller theorem » Mortgage |
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