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Mortgage
The term mortgage technically originates from the Law French, an archaic language based on Norman and Anglo-Norman and literally meaning "dead pledge.
" Mortgage refers to the legal device designed to securing the property.
Mortgages typically have stronger association with real estate, rather than other types of property and in some cases the land itself may be mortgaged.
The mortgage payment is seen as a standard procedure, by which private owners or corporations can purchase residential or commercial real estate in reasonable installments without the need to plank down the full amount of money at one shot.
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