Term of Day
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Term of Day
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hold over a property/asset by an
institute to protect a
given out in case of
to pay that loan. For example, in the case of a
, where a
to repossess the mortgagor's home upon
is not in the physical
of the issuing company; instead, its right over that property is recognized and protected by the law. Opposite of this is the
, in the case of artisans or pawn shops that have
borrower's item, which is in their possession upon failed payment.
letter of credi...
pro forma invoi...
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