Participants and Variant Terminology
Legal systems in different countries, while having some concepts in common, employ different terminology. However, in general, a mortgage of property involves the following parties. The borrower, known as the mortgagor, gives the mortgage to the lender, known as the mortgagee.
Read more about this topic: Mortgage Law
Famous quotes containing the words participants and/or variant:
“A civilization which leaves so large a number of its participants unsatisfied and drives them into revolt neither has nor deserves the prospect of a lasting existence.”
—Sigmund Freud (1856–1939)
““I am willing to die for my country” is a variant of “I am willing to kill for my country.””
—Mason Cooley (b. 1927)