Finance Instrument

Please select 2 terms from a Finance Instrument (e.g. a deed, Deed of Trust, mortgage, Note, etc.) used in the real estate finance industry.

List and define 2 terms or conditions from that instrument. Write 1 to 4 pages for each term explaining the meaning of the term, why the term is important, to whom the term is important (buyer, seller, real estate agent or lender) and list any important issues and concerns, or advantages and disadvantages.

See Chapter 6 for examples of finance instruments. Use your own words and analysis to describe the terms. Avoid merely copying the definitions.

Your work should be in proper APA format.