Homeloan

An agreement between the customer and a bank whereby the bank lends the customer money in return for a Collateral for the bank that a client pledges in case they default on their mortgage payment. Afrikaans - Sekuriteit

">security (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 bond) being registered over the property in the bank’s favour Afrikaans - Huislening