Home > Terms > Macedonian (MK) > директен хипотекарен заем

директен хипотекарен заем

Under a direct mortgage loan, the bank is granted a mortgage lien as security for its credit exposure. Where security is given in the form of a mortgage note, this becomes the property of the bank. If the bank's claims are not met when due, it can take legal action to enforce the sale of the underlying property and use the proceeds to settle the outstanding debt directly. See also mortgage loan, indirect mortgage loan.

0
Toevoegen aan mijn woordenlijst

Wat wilt u zeggen?

Je moet inloggen om aan discussies te kunnen deelnemen.

Terms in the News

Featured Terms

ane.red
  • 0

    Terms

  • 0

    Woordenlijsten

  • 4

    Followers

Industrie/Domein: Water bodies Category: Oceans

океан

The ocean covers nearly 71% of the Earth’s surface and is divided into major oceans and smaller seas. The three principal oceans, the Pacific, ...

Featured blossaries

Presidents of India

Categorie: Politics   1 3 Terms

payment in foreign trade

Categorie: Business   1 4 Terms