The creditor by whom a mortgage is given, and who lends money on the security of the value of the property mortgaged.
The creditor by whom a mortgage is given, and who lends money on the security of the value of the property mortgaged.
A loss which is a direct consequence of a particular peril. Fire damage to a refrigerator would be a direct loss. Spoiling of food in the refrigerator as a result of the fire damage would be an indirect loss.