MONTHLY is: a. Once a month; every month; from month to month; or, b. Done, produced, or occurring once a month.
HYPOTHECATION, in securities, is the pledging of securities to brokers as collateral for loans made to cover short sales or purchase securities. In banking, it is the pledging of property to secure a loan.
AS-IS CONDITION is the transfer of title to a property in an existing condition with no warranties or representations.
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