| 词汇 | Mortgage2 |
| 释义 | `1`Mortgage2 `2` "Legal Lexicon": It is proper to, observe that a conditional sale with the right to repurchase very nearly resembles a mortgage; but they are distinguishable. It is said that if the debt remains, the transaction is a mortgage, but if the debt is extinguished by mutual agreement, or the money advanced is not loaned, but the grantor has a right to refund it in a given time, and have a reconveyance, this is a conditional sale. In cases of doubt, however, courts of equity will always lean in favor of a mortgage. --b-- |
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