Actual Authority.

Actual authority is the legal power or right that a person or organization has to enter into contracts or agreements on behalf of another person or organization. This authority can be express or implied, and it can be granted in writing or verbally. What are the 4 types of agent authority? There are four types … Read more

First Mortgage Definition.

A first mortgage is a loan that is secured by a property’s title. The borrower uses the property as collateral for the loan. A first mortgage is the primary loan that pays for the property. It has priority over all other liens or claims on the property. If the borrower defaults on the loan, the … Read more

What Is a Value Change?

A value change is a sudden increase or decrease in the market value of a security. It can be caused by a number of factors, including news announcements, earnings reports, or changes in the overall market. A value change can also be caused by a change in the company’s fundamentals, such as its financial health … Read more