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Refinance and Mortgage Encyclopedia - termination

Termination

End of a leaseAn agreement to pay money in exchange for use of property. or contractThe formal legal document, also known as the "policy" that describes the agreement between the policyholder, usually before the anticipated time; termination may be by mutual agreementAn exchange of promises, a mutual understanding or arrangement; a contract. or by exercise of one party of a legal remedy due to defaultThe inability to make timely monthly mortgage payments or otherwise comply with mortgage terms. A loan of the other party.
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