A(n) ________ is a transfer of an interest in real property for the purpose of creating a security for a debt.

A) mortgage
B) secured loan
C) security interest
D) unsecured loan

Question

A(n) ________ is a transfer of an interest in real property for the purpose of creating a security for a debt.A) mortgageB) secured loanC) security interestD) unsecured loan

Fatima Elzhraa · Accepted Answer

Final Answer : A, Explanation :  A mortgage is a common way to create a security interest in real property for a debt. The borrower transfers an interest in the property to the lender as security until the debt is paid off.

A(n) ________ is a transfer of an interest in real property for the purpose of creating a security for a debt.

A) mortgage
B) secured loan
C) security interest
D) unsecured loan

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Learning Objectives

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