money and financial problems

A mortgage involves the transfer of an interest in land as security for a loan or other obligation. It is the most common method of financing real estate transactions.

A mortgage-backed security is an investment in which the purchaser buys a slice of a pool of mortgage loans. As explained by the Financial Industry Regulatory Authority (FINRA), “mortgage-backed securities, called MBS, are bonds secured by home and other

In a mortgage transaction, the mortgagee is the party that lends the mortgagor money. For more information, see secured transactions.

In a mortgage transaction, the mortgagor is the party that borrows money from the mortgagee. Thus, when you get a mortgage from a lender, you are a mortgagor and the lender is a mortgagee.

A multiple party account is an account held in any sort of financial intermediary, such as a bank or brokerage firm.

• trusts and estates

A mutual fund is an entity registered and run by an investment company or investment bank.

A mystic will is a last will and testament in which the contents of the written will are kept secret until probate. In this manner, mystic wills serve the purpose of preventing individuals other than the testator from learning the contents of a will during a testator’s life.

Negative amortization (also called deferral of interest) arises most often in the context of a Chapter 11 reorganization plan under the Bankruptcy Code, 11 U.S.C. § 1129(b)(2)(A)(i)(II).

"Negative income" typically refers to a situation where an individual or entity's total expenses exceed their total income, resulting in a net loss.

A negative will is a will in which the testator attempts to disinherit a person by stating that desire directly, for example “I disinherit X.” Usually, a negative will becomes an issue in cases of possible intestacy when a state’s probate code would pass the

• trusts and estates