| 单词 | MORTGAGE BILL OF SALE |
| 释义 | Signed document by a borrower-mortgagor giving a lender-mortgagee the right to claim and sell the collateral-mortgaged property a default on the loan agreement occurs. It is not an absolute sale, only a conditional bill of sale. The mortgagor continues to hold the property and has the right to redeem it on complete debt repayment. |
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