Security
| Term | Definition |
|---|---|
| Security | The amount of security provided to secure a mortgage bond. Afrikaans - Kollaterale ">Collateral for the bank that a client pledges in case they Failure to meet legal obligations in a contract. Afrikaans - Standaard ">default on their 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 payment. Afrikaans - Sekuriteit |