___________ is a claim upon a piece of property for the payment or satisfaction of a debt or obligation.
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A. B. C. D.B
The correct answer is B. Lien.
A lien is a legal claim upon a piece of property for the payment or satisfaction of a debt or obligation. A lien gives the creditor the right to take possession of the property if the debtor fails to repay the debt or meet the obligation.
Liens can be created in a variety of ways, such as through a mortgage on a home, a security interest in personal property, or a judgment lien on a debtor's property. The type of lien created depends on the nature of the debt or obligation and the type of property being used as collateral.
Escrow is a legal arrangement in which a neutral third party holds funds or property on behalf of two or more parties until a transaction is completed. For example, in a real estate transaction, an escrow agent may hold the down payment and other funds until the sale is closed.
Callable debt is a type of debt that can be repaid by the borrower before the maturity date at the option of the issuer. This gives the issuer the flexibility to retire the debt early if interest rates fall or if the issuer's financial situation improves.
A balloon payment mortgage is a type of mortgage in which the borrower makes smaller monthly payments for a certain period of time, followed by a larger lump sum payment at the end of the loan term.