GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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23:13 Nov 1, 2006 |
English language (monolingual) [PRO] Bus/Financial - Real Estate | |||||||
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| Selected response from: Anna Maria Augustine (X) France Local time: 14:24 | ||||||
Grading comment
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SUMMARY OF ALL EXPLANATIONS PROVIDED | ||||
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3 +3 | to pledge property to secure a loan |
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5 | to provide a security interest for a loan |
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4 -2 | The bank retains legal ownership of the property until the debt is paid off BUT |
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Discussion entries: 1 | |
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The bank retains legal ownership of the property until the debt is paid off BUT Explanation: Please read the link for a more up to date meaning of the word. http://en.wikipedia.org/wiki/Hypothecate |
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Grading comment
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2 hrs confidence: peer agreement (net): +3
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