An encumbrance on land by way of a
mortgage which has been registered in the
land titles system. A mortgage is a charge
on land created for securing a debt
(existing, future, or contingent), or a loan
and includes a hypothecation or pledge as
security for the debt. The term charge
originated as a result of land titles
registration, while the term mortgage
represents terminology relating to a real
estate loan. The term mortgage is used
throughout the encyclopedia to signify a
charge or a mortgage.
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