mortgage commitment

A lender’s written agreement with a borrower stating the terms on which it will lend money for the purchase of specified real property, usu. with a time limitation. [Cases: Mortgages 211.C.J.S. Mortgages §§ 274–276.]

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词条贡献者

法律翻译晓琳，国际知名商学院金融专业，专注翻译各类与金融服务与投资管理有关的法律文件。