Bond And Mortgage in United States
Practical Information
Note: Some of this information was last updated in 1982
A legal instrument that is written evidence of an obligation, traditionally under seal, the payment of which is secured by a mortgage (in U.S. law) (the conditional conveyance) on the property of the issuer. In a bond and mortgage both the evidence of obligation and the terms and conditions of payment to be met are combined in the same document.
What is Bond And Mortgage?
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