Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
Don't know
Know
remaining cards
Save
0:01
To flip the current card, click it or press the Spacebar key.  To move the current card to one of the three colored boxes, click on the box.  You may also press the UP ARROW key to move the card to the "Know" box, the DOWN ARROW key to move the card to the "Don't know" box, or the RIGHT ARROW key to move the card to the Remaining box.  You may also click on the card displayed in any of the three boxes to bring that card back to the center.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

Finance1

Finance

QuestionAnswer
Mortgage A pledge of real property as security for a debt
Deed of Trust A three party loan instrument-borrower, lender and trustee
Note, Promissory Note A personal promise to repay a debt
Mortgagor Borrower under a mortgage
Mortgagee Lender under a mortgage
Beneficiary Lender under a deed of trust
Trustor Borrower under deed of trust
Trustee A third party under a deed of trust who acts as an agent for the leader
Power of Sale A clause in a deed of trust allowing non-judicial foreclosure
Non-judicial Foreclosure Foreclosure that does not require court proceeding or a judgement of foreclosure-the result of the power of sale clause in a deed of trust
Hypothecation The action of pledging real property for a debt
Acceleration Clause A clause in a mortgage allowing the lender to declare the whole amount of the principal due and payable in the event of default by the borrower
Alienation Clause "Due on sale" clause stating the balance of debt becomes due if th eproperty is sold by the mortgager
Defeasance Clause A clause stating that the lien on the property is defeated when the debt is repaid
Escalation Clause A clause allowing the lender to raise the existing interest rate-although most often associated with an adjustable Rate Mortgage, it can be used to overcome an alienation clause
Created by: Shirilyn