Most people understand that a mortgage involves the ________ borrowing money and giving the creditor a claim against their property (land and buildings) as added security in the event of a default.

A) mortgagee
B) court
C) debtor
D) tenant
E) principal

Mortgage

A means of securing loans; title of property is held by the moneylender as security in some jurisdictions; in other jurisdictions, a mortgage is simply a charge against title.

Debtor

An individual or entity that owes money to another party, typically referred to in the context of loans, credit, or other financial obligations.

Mortgagee

The lender in a mortgage agreement, typically a bank or financial institution, which has the right to repossession if the borrower defaults.