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A sort of [[security interest]] — a {{t|legal security}} interest, in fact that involves transferring legal title to property as security for a debt. Your mum and dad probably had one on their house, but have paid it off now. | |||
Revision as of 17:56, 17 January 2018
A sort of security interest — a legal security interest, in fact that involves transferring legal title to property as security for a debt. Your mum and dad probably had one on their house, but have paid it off now.