Mortgages
A mortgage is a formal agreement in which a bank or other financial institution lends cash at interest in return for assuming the title to the debtor's property, on the condition that the obligation is paid in full.
Mortgage
The term "mortgage" is a type of loan that a borrower takes to maintain his house or any form of assets and he agrees to return the amount in a particular period of time to the lender usually in a series of regular equally monthly, quarterly, or half-yearly payments.
Explain pooling of interests
Amalgamation is accounted for using any of the two methods based on the criteria met viz, pooling of interest method, and purchase method. Amalgamation is defined as a combination of one or more companies into a new entity.
Step by step
Solved in 2 steps
