Mortgage Payable

Business / Accounting / Mortgage Payable: A written promise to pay a stated amount of money at one or more specified future dates: a mortgage is secured by the pledging of certain assets, usually real estate, as collateral.

Other Words for Payable

Payable Verb Synonyms: due, owed, owing, outstanding, unpaid, receivable, mature
Payable Noun Synonyms: expenditure, disbursement, distribution, outlay, fee, contribution, charge, expense, payout
Payable Adjective Synonyms: result, outcome, upshot, conclusion, wind-up, settlement, final reckoning, punch-line, crunch, grand finale, kicker
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Mortgagees Title Insurance

Business / Real Estate / Mortgagees Title Insurance: An insurance policy protecting the lender for the amount of the loan in the event of a future title dispute. MORE

Mortgager

Business / Finance / Mortgager: The borrower of a loan secured by property. MORE

Mortgagee

Business / Construction / Mortgagee: The lender who makes the mortgage loan. MORE

Mortgage-Backed Security (MBS)

Business / Real Estate / Mortgage-Backed Security (MBS): A security guaranteed by pools of mortgages and used to channel funds from securities markets to housing markets. Ginnie Mae has a popular MBS program recognized for its low risk and high yield. The G MORE

Mortgage-Backed Securities Clearing Corporation (MBSCC)

Business / Finance / Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery. MORE

Mortgage-Backed Security

Business / Taxes / Mortgage-Backed Security: Mortgage-backed securities are created when the sponsor buys up mortgages from lenders, pools them, and packages them for sale to the public, a process known as securitization. The securities are avai MORE

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