Term

mortgage

A document by which a debtor's property serves as security for a debt: if the debt is not repaid, the creditor can take that property.

Struggles and Triumphs, Phineas Taylor Barnum

Explained in

• Struggles and Triumphs, Phineas Taylor Barnum
• The Total Money Makeover: A Proven Plan for Financial Fitness, Dave Ramsey

  A long-term loan for buying a home, where the home itself stays pledged to the bank until the loan is fully paid.

• The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life, JL Collins

  A loan to buy a home, secured by that home.

All terms