Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 04, 2019

what is a mortgage legally speaking? and when is it not an annuity

Step by Step Solution

★★★★★

3.34 Rating (154 Votes )

There are 3 Steps involved in it

Step: 1

Mortgage is the debt being engage through business transactions When Mortgagor ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Finance questions

Question

★★★★★

What is a mortgage note?

Answered: 1 week ago

Question

★★★★★

What is a mortgage payable?

Answered: 1 week ago

Question

★★★★★

What is a mortgage pass-through security?

Answered: 1 week ago

Question

★★★★★

TRUE OR FALSE. 6 POINTS EACH. (Always assume "Other things equal.") 1. In economics in the short run, a firm will have both fixed and variable resources. 2. In economics, the short run is defined as...

Answered: 1 week ago

Question

★★★★★

How often must an employer file Form 941?

Answered: 1 week ago

Question

★★★★★

According to IAS 21 The Effects of Changes in Foreign Exchange Rates, the following statement the currency that affects the economic wealth of the entity provides a definition of: (a) functional...

Answered: 1 week ago

Question

★★★★★

Compare the M/G/1 system for first-come, first-served queue discipline with one of last-come, first-served (for instance, in which units for service are taken from the top of a stack). Would you...

Answered: 1 week ago

Question

★★★★★

Assume Adams Company has the following reported amounts: Sales revenue $510,000, Sales returns and allowances $15,000; Cost of goods sold $330,000, Operating expenses $110,000. Compute the following:...

Answered: 1 week ago

Question

★★★★★

A company has total assets of $100,000. Its long-term assets are worth $40,000 and prepaid expenses are $20,000. It has total liabilities of $70,000 wherein $45,000 of it are long-term liabilities....

Answered: 1 week ago

Question

★★★★★

A ride hailing company has their DB structured in 3 major tables as described in the SCHEMA section below. Write a query to fetch the top 100 users who traveled the most distance using the service....

Answered: 1 week ago

Question

★★★★★

2a The equation for Foreign's production possibilities frontier (PPF) is |QA + QB = Foreign's maximum production of apples is QA = . Foreign's maximum production of bananas is QB = 2b. Foreign's...

Answered: 1 week ago

Question

★★★★★

Jumpst Corporation uses the cost formula Y = $1,600 + $0.20X for the maintenance cost in Department B, where X is machine-hours. The August budget is based on 20,000 hours of planned machine time....

Answered: 1 week ago

Question

★★★★★

Read the following information about Ellen. Provide your responses on the worksheet that accompanies this assignment. Ellen got her "first, good - real" job [not counting the "McJobs" she had while...

Answered: 1 week ago

Question

★★★★★

2 Physics 20: SUMMER Assignment 3 3. Later that day, the goose is considering visiting one of three wetlands, A, B, or C. If there is a wind velocity as shown, sketch the vector diagrams for the...

Answered: 1 week ago

Question

★★★★★

Answer the following questions: 1) How much oil is the U.S. Strategic Petroleum Reserve? For how much time could the reserve supply the oil we're now importing from other countries? 2) Research...

Answered: 1 week ago

Question

★★★★★

Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 3.6 pounds of the material, Ike uses 2.1 pounds of the material, and Bix uses 6 pounds of...

Answered: 1 week ago

Question

★★★★★

Which character attribute is MISSING in all of these characters: HFP Serif Ascender Descender All of the Above None of the Above

Answered: 1 week ago

Question

★★★★★

Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...

Answered: 1 week ago

Question

★★★★★

Identify the four different categories of adjusting entries frequently required at the end of an accounting period.

Answered: 1 week ago

Question

★★★★★

Montana White Water Co. sells canoes, kayaks, whitewater rafts, and other boating supplies. During the taking of its physical inventory on December 31, 2010, Montana White Water incorrectly counted...

Answered: 1 week ago

Question

★★★★★

U-Build It Warehouse issues a 45-day note for $800,000 to Thomson Home Furnishings Co. for merchandise inventory. Thomson Home Furnishings Co. discounts the note at 7%. a. Journalize U-Build It...

Answered: 1 week ago

Question

★★★★★

Fifty-nine men completed the men's alpine downhill race in Vancouver. The gold medal winner finished in 114.3 seconds. Here are the times (in seconds) for all competitors...

Answered: 1 week ago

Question

★★★★★

The mean of the 100 car speeds in Exercise 26 was 23.84 mph, with a standard deviation of 3.56 mph. a) Using a Normal model, what values should border the middle 95% of all car speeds? b) Here are...

Answered: 1 week ago

Question

★★★★★

A company that manufactures rivets believes the shear strength (in pounds) is modeled by N(800, 50). a) Draw and label the Normal model. b) Would it be safe to use these rivets in a situation...

Answered: 1 week ago

Previous Question Next Question