Term

Mortgage

A long-term bank loan taken out to buy a house or apartment; the home serves as collateral.

Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine, Mike Michalowicz

Explained in

• Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine, Mike Michalowicz
• Struggles and Triumphs, Phineas Taylor Barnum

  A document by which a debtor's property serves as security for a debt: if the debt is not repaid, the creditor can take that property.

• The Total Money Makeover: A Proven Plan for Financial Fitness, Dave Ramsey

  A long-term loan for buying a home, where the home itself stays pledged to the bank until the loan is fully paid.

• The Simple Path to Wealth: Your Road Map to Financial Independence and a Rich, Free Life, JL Collins

  A loan to buy a home, secured by that home.

All terms