Solutions are homogeneous (single-phase) mixtures of two or more components. They are ex- tremely important in Chemistry because they allow intimate and varied encounters between
DEFINITION of 'Endowment Loan'. A type of mortgage in which the borrower makes only interest payments on the mortgage, while payments that would have gone to repay the principal are instead funneled into an endowment fund. Under an endowment loan, the borrower does not repay the principal until the mortgage expires. type of mortgage in which the borrower makes only interest payments on the mortgage, while payments that would have gone to repay the principal are instead funneled into an endowment fund.
Mortgage Holder Definition. A mortgage holder receives monthly mortgage payments from the borrower. A mortgage holder is a person or company that has a right to enforce a mortgage loan agreement. The mortgage loan consists of a promissory note and a security interest, which is the actual mortgage or, in some states, a deed of trust. The mortgage holder is the person with the legal right to enforce repayment under the notes or foreclosure under the security interest.