hypothèque defined

mortgage. "A mortgage is a real right [droit réel] over immovables [immeubles] encumbered for the performance of an obligation [obligation]", French Civil Code, art. 2114 (Quebec CC, art. 2660). A mortgage is (i) "by nature, indivisible …

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This excellent reference source is based on the highly-acclaimed ENCYCLOPEDIA OF REAL ESTATE TERMS (3rd. ed. 2008). It is intended for real estate appraisers, agents, brokers, investors, lawyers, consultants, managers, students and general readers. A subscriber to this site will be able to find quickly and in one place, at any time and anywhere:

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  • Quote of the Month

    ""Property is the most ambiguous of categories. It covers a multitude of rights which have nothing in common except that they are exercised by persons and enforced by the State.", R.H. Tawney, The Acquisitive Society, pp. 565–7 (1921).