A mortgage is a legal contract that gives ownership of a​ _____ to the​ _____ in the event that the​ _____ fails to meet the agreed loan payments​ (repayments and​ interest). A. ​car; borrower; lender B. ​home; borrower; lender C. ​home; lender; borrower D. ​car; lender; borrower

A mortgage is a legal contract that gives ownership of a​ _____ to the​ _____ in the event that the​ _____ fails to meet the agreed loan payments​ (repayments and​ interest).
A. ​car; borrower; lender
B. ​home; borrower; lender
C. ​home; lender; borrower
D. ​car; lender; borrower

 

Answer:

Correct option: C

Explanation:

A mortgage is an agreement that allows a borrower to use property as collateral to secure a loan.

Asked on February 8, 2018 in economics.
Add Comment
0 Answer(s)
  • Votes
  • Oldest

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.