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TeachMeFinance.com - explain deed given to secure a debt
deed given to secure a debt -- a form of mortgage in which title to the property is conveyed from the borrower to the lender as security for the repayment of the debt. Also called a deed absolute.
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Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".
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