MORTGAGOR
Borrower, normally an individual or company, in a mortgage agreement. The person borrows money from the lender in order to purchase a real estate property. By giving the lender an interest in the purchased property, which allows it to lend the fund with an accurate risk assessment, the mortgagor gives the lender a guarantee for paying the loan in full.
Also called chargor.
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Recompense
The act of giving a target person or entity some form of monetary benefit as a result of performing some action or some action happening to the tar ...
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Expenses incurred in developing an oil or gas well for the factors that are not included in the final operating well. This encompasses all costs cr ...
Company Owned Life Insurance - COLI
Life insurance policy a company owned on the life of an employee with vital role on its operations. The firm pays the premium on the insurance but ...
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An economic measure of output per unit of input. Labor and capital are inputs, while output is usually measured in revenues and other GDP component ...
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