Definition: Mortgage refers to a loan that involves the borrowing of money from a bank, credit union, or other lender for the purpose of purchasing a home, business, or asset. It typically includes interest payments over a period of time (typically 15-30 years), and is often secured by the borrower's property. Marriage refers to two people who are legally married together and have entered into a legal relationship that is based on mutual consent and respect for each other's rights, responsibilities, and interests. It typically includes marriage vows or promises, religious ceremonies, and traditional customs and traditions associated with marriage in certain cultures. The word 'mortgage' has been used in various contexts over time to denote the loan of money or property secured by an interest that is then paid back through regular payments of interest or principal. In general, mortgage refers to a loan made from the bank, credit union, or other lender for the purpose of purchasing a home, business, or asset. It involves borrowing funds and paying interest over time.
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