👉 Mortgage: The term "mortgage" is a loan that requires the borrower to pay back a fixed sum of money to the lender, over time, often based on the value of the property or debt owed.
Example Sentence: "If you owe $20,000 worth of credit cards and $10,000 worth of auto loans combined, it would be like having an unsecured mortgage on your home. It means that even though you're paying off those debts, there's still the potential for a surprise bill to come in."
