Question

A(n) _____ is an interest in real estate given to secure the payment of a debt....

A(n) _____ is an interest in real estate given to secure the payment of a debt.

Group of answer choices

A. assignment

B. consideration

C. mortgage

D. annuity

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Answer #1

Answer is Mortgage (C)

A mortgage is an interest in real estate given to secure the payment of a debt.

Mortgage is a loan, which is obtained after giving a collateral i.e. real estate to obtain the loan amount.

Assignment is incorrect option because it's generic term. Any right/interest can be assigned

Consideration is incorrect. Consideration is again a generic term meaning amount in cash/kind received.

Annuity is incorrect. Annuity is anything which is paid/received after specific intervals.

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