MORTGAGE Definition

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MORTGAGE is a conditional conveyance of property as security for the repayment of a loan.

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BRIDGE LOAN (BRIDGING LOAN) is an equity loan secured to solve short-term financing problem.

ENTERPRISE ZONE is a depressed neighborhood, usually in an urban area, where businesses are given tax incentives and are not subject to some government regulations. These advantages are designed to attract new business in the zone.

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