It is common today for a ________, needing more funds, to transfer the equity of redemption to another creditor as security for a further loan.
A) debtor
B) mortgagee
C) landlord
D) mortgagor
E) remainderman

Question

Quizplus · Accepted Answer

The correct term is "mortgagor," which refers to the borrower in a mortgage agreement. When they need more funds, they might transfer the equity of redemption, which is their right to reclaim the property upon full repayment of the debt, to another creditor as security for a further loan.

It Is Common Today for a ________, Needing More Funds