MORTGAGOR
Borrower, normally an individual or company, in a mortgage agreement. The person borrows money from the lender in order to purchase a real estate property. By giving the lender an interest in the purchased property, which allows it to lend the fund with an accurate risk assessment, the mortgagor gives the lender a guarantee for paying the loan in full.
Also called chargor.
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Stock given to shareholders of a company commonly added to a dividend. Stockholders don’t need to pay income tax on these shares but they sti ...
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Ranking of distributing a private equity fund. The hierarchy sets the order the funds will be given, which may ensure several types of investors ha ...
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