mortgage note

  

Definition

Promissory note that (as a part of a mortgage agreement) states the amount and duration of loan, the applicable rate of interest, and makes the signatory personally liable for repayment of the full loan amount according to the terms of agreement.

Related Videos




http://www.businessdictionary.com/definition/mortgage-note.html

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z