A mortgage is a method of securing collateral in the form of a sale. The borrower sells the collateral to the lender and receives a loan in the form of payment, but is given the right to buy back the collateral within a certain period of time by paying an amount equivalent to the principal and interest. Source: The Selected Edition of the Japanese Language Dictionary About the Selected Edition of the Japanese Language Dictionary Information |
〘名〙 売買の形式をとる物的担保の方法。借金をする者が担保物を貸し主に売り渡す形式をとり、代金の形で融資を受けるが、一定の期間内に元利に相当する金額を支払って、目的物を買い戻すことができるものとすること。売渡抵当。
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