Cession
| Term | Definition |
|---|---|
| Cession | A document signed by the borrower, ceding their life policy to the bank, as A person who stands as guarantor for a loan for someone else. Afrikaans - Borg ">surety for a An agreement between the customer and a bank in the form of a homeloan, whereby the property is used as the security for the loan. It is a legal document that pledges a property to the lender as security for payment of a debt. Afrikaans - Verband ">mortgage. Afrikaans - Sessie |
