A participation mortgage is a mortgage wherein the lender, or mortgagee, is entitled to share in the rental or resale proceeds from a property owned by the borrower, or mortgagor. A participation mortgage may or may not require principal and interest payments, and may or may not contain a balloon payment. A mortgage (literal translation: death pledge) is a device developed in the common law world, whereby the ownership of property is passed from one person -- the mortgagor -- to another -- the mortgagee in return for the loan of money. ... A mortgage (Law French for dead pledge) is a device used to create a lien on real estate by contract. ... A mortgage (Law French for dead pledge) is a device used to create a lien on real estate by contract. ... A principal is: The head of an educational institution. ... In finance, interest has three general definitions. ...
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