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What is the alternate term used for "mortgage" under the Land Titles Act?
Deed of Land
Charge
Mortgage Title Document
Transfer of Land
Encumbrance
Charge/Mortgage of Land
The correct answer is: Charge
The alternate term used for "mortgage" under the Land Titles Act is "Charge." In real estate terminology, a charge is a form of security interest granted over an asset for the purpose of securing a debt or obligation. In the context of real estate transactions, a mortgage is essentially a type of charge placed on the property to secure the repayment of a loan. Therefore, "Charge" is the correct term and the other options are not directly associated with the concept of a mortgage under the Land Titles Act.