What is meant by the term collateral and by hypothecation

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Reference no: EM131315067

1. Define security interest and how it has been used in real estate finance since the Industrial Revolution.

2. What is meant by the term collateral? By hypothecation?

3. What is the purpose of a promissory note? Of a mortgage?

4. Describe the origin of a loan discount.

Reference no: EM131315067

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