1
The right of a mortgagor to redeem his property after the mortgage is past due.
2
The valuation of inventory on a first-in, first-out basis, which assumes that the earlier, cheaper inventory is sold first, and the later, more expensive inventory is left in stock.
3
Absolute ownership of real property.
4
To assume the liability for such debts of another in the event of his default.
5
A chattel which has been permanently affixed to real estate and may or may not be severable therefrom without injury to the property.
6
Sales minus Cost of Goods Sold (COGS).
7
The legal process by which property due to a debtor and in the hands of a third person is attached.
8
A rule of law which precludes a person from denying certain facts because of previous inconsistent conduct or statements.
9
The legal act by which the owner of a mortgage cuts off the rights or interest of the mortgagor in the mortgaged property.
10
A contract by which one undertakes to be liable for the debt of another person in the event of his
default.
