No security is carried for repayment of interest or principal. These can be mortgage or naked. With this type of loan, the mortgage company would be responsible for paying the principal amount and the interest for any unpaid assets

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser