Mortgagor Definition.

A mortgagor is the person who pledges property to a creditor as security for a debt. The mortgagor has the right to live in and use the property until the debt is repaid. If the debt is not repaid, the creditor may foreclose on the property and sell it to repay the debt. Is the … Read more

What Is a Transactor?

A transactor is a person who completes a transaction, especially a financial transaction. What are the three types of credit card users? There are three primary types of credit card users: those who pay their balance in full each month, those who carry a balance and make monthly payments, and those who use their credit … Read more