- Home
- Financial Dictionary
- Mortgage
Mortgage
This is a loan that you can get when you use any of your asset or property as collateral or security. For example, a home loan or a loan against property may be used to finance the purchase or renovation of a property. You can also use it to finance other big-ticket expenses such as a wedding. However, if you as a borrower are unable to repay the loan, the lender can seize the property and sell it to recover the loan amount due.
Most searched / Popular terms
- Finance
- Mandate
- Regression
- Insurance
- EBITA
- Value Added Tax
- Gross Interest
- Redemption
- Stamp Duty
- Books of Account
- Fixed Assets
- Profit and Loss Statements
- Income Statement
- Interest Rate
- Prime Rate
- NACH
- Net Profit Margin
- Bad Debt
- Marginal Rate
- Bombay Stock exchange (BSE)
- National Stock Exchange (NSE)
- Input Tax
- IPO
- Annualised Returns
- Wealth Management
- Balance Sheet
- Budget
- Credit Line Vs Credit Limit
- Asset
- Co-signer
- Collateral
- House Loan
- Chargeback
- Grace Period
- Add-on Credit Card