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The length of time it takes to pay out the full balance of a mortgage is known as: A The term of the mortgage B

The length of time it takes to pay out the full balance of a mortgage is known as:

A The term of the mortgage B The amortization period C The standard charge terms

A debt transaction in which possession of the personal property securing the debt transfers to the creditor is known as: a. A pawn b. A chattel mortgage c. A hire purchase agreement

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